One-Page Deal Sheet
Contango Acquires Gassy Wind River Basin Assets from Conoco
Contango Oil & Gas Co. ConocoPhillips
Announced Date
July 08,2021
Effective Date
June 01,2021
Close Date
August 31,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
67
Location
Region
Rockies
Country
United States
State
Wyoming
Play
Production & Reserves Production
Production Mix
Reserves
Transaction Details: Subscribe to see
Contango Oil & Gas Co. has entered into an agreement to acquire low decline, conventional gas assets in the Wind River Basin of Wyoming from ConocoPhillips for $67 million in cash.
This deal closed on September 1, 2021.
Highlights: Production: 78 Mmcfe/d net (100% gas) PDP Reserves: 446 BcfeThe company intends to fund the purchase price with cash on hand and availability under its existing revolving credit facility.
Wilkie S. Colyer, Contango’s Chief Executive Officer, said, “The acquisition of these Wind River Basin assets is yet another step in our consolidation strategy and an…
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