One-Page Deal Sheet
Contango Acquires Mid-Con Energy in All-Stock Deal
Contango Oil & Gas Co. Mid-Con Energy Partners Lp
Announced Date
October 26,2020
Effective Date
January 21,2021
Close Date
January 21,2021
Transaction Type
Corporate
Enterprise Value (EV)($MM)
155
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent,Rockies
Country
United States
State
Oklahoma
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Contango Oil & Gas Company and Mid-Con Energy Partners, LP have entered into an agreement to combine in an all-stock merger transaction.
The deal is valued at $154.8 million.
Under the terms of the merger agreement, Mid-Con unitholders will receive 1.75 shares of Contango common stock for each Mid-Con common unit owned, representing a 5 percent premium based on a 15-day volume weighted average price. This exchange ratio implies an enterprise value for the combined entity in excess of $400 million based on Friday’s closing price.
Upon completion of the merger and closing of the concurrently…
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|---|---|---|---|
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