Exploration & Production | Well Lateral Length | Top Story | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Key Wells | Well Spacing
Contango Using Pad Drilling Strategy in the Woodbine; Talks Spacing
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Contango Oil & Gas Company reported its financial results for the three months ended September 30, 2014 and provided an operational update.
Third Quarter 2014 Highlights: Production of 9.4 Bcfe for the quarter Net income of $3.7 million and Adjusted EBITDAX of $47.7 million for the quarter Commenced initial production at South Timbalier 17, our 2013 offshore discovery Installed compression at Eugene Island Block 11 for our Dutch and Mary Rose wells Spud initial horizontal well in newly acquired 53,200 gross (23,700 net) acre position in our Elm Hill project in Fayette County, Texas Acquisition of the right to earn approximately 49,000 gross (44,000 net) acres in our North Cheyenne project in Weston County, Wyoming, targeting multiple formations, including the Muddy Sandstone…Finish this article — free account or subscription
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