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Delaware Basin E&P Touts Wolfcamp A and A/B Results

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Delaware Basin E&P Touts Wolfcamp A and A/B Results

Contango Oil & Gas reported its Q2 2018 results.

Production Sees 'Expected Decline' - Down -15% from 1Q18

-Q2 production of 3.9 Bcfe, or 42.4 Mmcfe/d (down -27% YOY and down -15% from 1Q18)

This expected year over year decline in equivalent production volumes is due to normal production declines, shutting in our offshore production for approximately two weeks to install compression and maintenance during the current quarter (loss of 4.2 Mmcfe/d) and the sale of our Eagle Ford Shale producing properties in Karnes County, Texas (loss of 0.7 Mmcfe/d). Latest Delaware Well Results

Ragin Bull #2H - Second Wolfcamp B Test

Achieved a 24-hour max IP rate of 805 Boed (68% oil) and a 30-day IP rate of 734 Boed (66% oil). This well represents our fastest spud to total depth so far at 26.5 days
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