Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Contango Sees Discoveries, Ups Production 50% in 2013
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Contango Oil & Gas Company has detailed its Q4 and year-end 2013 summary as well as an operational update.
Fourth Quarter Production ResultsProduction for the fourth quarter of 2013 was approximately 10.1 Bcfe, or 110 Mcfe per day. This represents a 51% increase over production for the fourth quarter of 2012, and is attributable to our merger with Crimson Exploration, Inc. that was completed on October 1, 2013. This is the first quarter we are reporting on a combined basis. Crude oil and natural gas liquids production during the fourth quarter of 2013 was approximately 6,240 barrels per day, or 34% of total production, up from approximately 2,900 barrels per day, or 24% of total production, in the fourth quarter of 2012. For the first quarter of 2014, we estimate our production to be 110…
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