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Contango Unveils GoM, Woodbine Well Results; Updates Texas Ops
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Contango Oil & Gas Company has reported its financial results for the three months ended June 30, 2014 and provided an operational update.
Second Quarter 2014 Highlights Production of 10.6 Bcfe for the quarter. Net income of $4.6 million and Adjusted EBITDAX of $56.7 million for the quarter. Continued drilling success in the Woodbine play in Madison/Grimes counties and in the Buda play in Dimmitt/Zavala counties Texas. Acquisition of approximately 42,000 gross acres (18,000 net acres - 50% WI) in Fayette and Gonzalez counties, Texas for pursuit of multiple formations through horizontal drilling planned for the third and fourth quarters. Acquisition of the right to drill to earn approximately 119,500 gross acres (93,000 net acres - 80% WI) in Natrona County, Wyoming targeting multiple…- ✓ Full news archive — U.S., Canada & international coverage
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