Operator · Tuscaloosa Marine Shale (TMS)
Contango Oil & Gas Co.
62 articles mentioning Contango Oil & Gas Co. · Page 1 of 4
Independence, Contango Finalize Merger; Rebrand as PE-Backed Crescent Energy Co.
Contango Oil & Gas Company has finalized its merger with Independence Energy Corp., and the new entity has rebranded as Crescent Energy Company. Crescent is backed by PE firm KKR. Crescent's Class A common stock will...
Contango Oil & Gas Third Quarter 2021 Results
Contango Oil & Gas Co. reported its third quarter 2021 results. Highlights and Recent Developments: Production sales of 2,426 MBoe for the third quarter of 2021, or 26.4 MBoe per day, compared to 1,587 MBoe, or...
Contango Oil & Gas Second Quarter 2021 Results
Contango Oil & Gas Co. reported its Q2 2021 results ahead of the closing of its pending merger with Independence Energy. Q2 Highlights: Production sales of 2,196 MBoe for the second quarter of 2021, or 24.1...
Contango Oil & Gas First Quarter 2021 Results
Contango Oil & Gas Co. reported its Q1 2021 results. First Quarter 2021 Highlights: Production sales of 1,773 MBoe for the first quarter of 2021, or 19.7 MBoe per day, an increase from 1,720 MBoe, or...
Contango's Credit Line Extended 108% by Lender to $250MM
Contango Oil & Gas Co. reported the expansion of its Senior Credit Facility led by JPMorgan Chase Bank under which the borrowing base has been increased from $120 million to $250 million (up 108%). Liquidity Update...
Contango IDs 2021 Budget
Contango Oil & Gas Co. reported its Q4/full year 2020 results as well as its 2021 capital plan. 2021 Plan Contango only revealed its spending plans for 2021. - 2021 Capex: $13 - $16 million for...
Contango: Leasing Suspension Will Have 'No Impact' on Ops
Contango Oil & Gas Co. provided commentary on the US Department of Interior's 60-day suspension of authority for federal permitting, leasing, or other fossil fuel authorizations. Temporary suspension of approvals expected to have no impact on...
Contango Finalizes Acquisition of Mid-Con Energy Partners
Contango Oil & Gas Co. announced the successful completion of its acquisition of Mid-Con Energy Partners. In accordance with the terms of the merger agreement, Mid-Con unitholders will receive 1.75 shares of Contango common stock for...
Contango Oil & Gas Third Quarter 2020 Results
Contango Oil & Gas Co. reported its Q3 2020 results. Third Quarter 2020 Highlights: Achieved run rate LOE savings on Central Oklahoma properties of 48% since taking over operations in the fourth quarter of 2019 and...
Contango Shuffles Exec Team; New President, COO, Corporate Secretary
Contango Oil & Gas Co. announced that Farley Dakan has been promoted to the position of President of the Company. Additionally, Contango has made the following appointments: Chad Roller as Senior Vice President Chief Operating Officer...
Contango Oil & Gas First Quarter 2020 Results
Contango Oil & Gas Co. reported its financial results for the first quarter ended March 31, 2020. First Quarter 2020 Highlights Production of 1,720 Mboe for the quarter, or 18.9 Mboe per day, a 216% increase...
Contango Adjusts Operational Plans for 2020; Details Hedge Position
Contango Oil & Gas Co. has adjusted its 2020 operational plans. The company has yet to provide an official guidance for 2020. MidCon Cost Reduction / GOM Delays The company is evaluating its planned operations for...
Contango Oil & Gas Reports Q3 2019 Results
Contango Oil & Gas Co. reported its Q3 2019 results. Third Quarter Highlights Replaced our maturing credit agreement with a new five-year revolving credit agreement with JPMorgan Chase Bank and other lenders Completed an underwritten public...
Contango's Largest Shareholder Named Non-Executive Chairman; New SVP Tapped
Contango Oil & Gas Co. announced that John C. Goff, a current director and the Company's largest shareholder, has been appointed Non-Executive Chairman of the Board of Directors. Mr. Goff replaces Joe Romano, who will remain...
M&A Highlights: Q3 2019
M&A Highlights: Q3 2019 Deals Map For the first time in recent quarters, the MidCon region has dominated the deal count compared to other plays. This development is highlighted by two deals: Apache's exit of the...
Contango Details Q2 Results, Ops
Contango Oil & Gas Co. reported its financial results for the second quarter ended June 30, 2019 and provided an operational update. Second Quarter Highlights Production of 2.9 Bcfe for the quarter, or 32.3 Mmcfe per...
Contango Cuts Spending Nearly 30% for 2019; Well Activity Down -24%
Contango Oil & Gas has detailed its 2019 guidance and operating plan. The company was mum on its production expectations for the year, only disclosing its Q1 2019 production estimates - which come in 17% lower...
Contango Reports Departure of Two VPs
Contango Oil & Gas announced that Thomas H. Atkins, Senior Vice President Exploration, and J. Stephen Mengle, Senior Vice President Operations & Engineering, have left the Company effective February 4, 2019 to pursue other interests.
Contango's Latest Delaware Wells Fail to Impress; Exploring Strategic Alternatives
Contango Oil & Gas reported its Q3 2018 results. Capital costs incurred for the current quarter were approximately $15.9 million, nearly all of which was related to our Southern Delaware Basin play in Pecos County, Texas....
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...