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Contango Unloads Non-Core Colorado Assets for $5.0 Million

Not Disclosed Contango Oil & Gas Co.
AnnouncedDec 27, 2016
TypeProperty
Announced Date
December 27,2016
Effective Date
December 01,2016
Close Date
December 30,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
5




Snapshot
Asset/Basin:
{"DJ Basin"}
TargetZones:
{}
Net Acres
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Proved Reserves
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Location
Region
Rockies

Country
United States

State
Colorado

County
Adams ,Weld

Production & Reserves
Production
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Production Mix
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Production ($/Mcfe/d)
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Transaction Details:  Subscribe to see

Contango Oil & Gas has sold all of its non-core onshore Colorado assets to an independent oil and gas company for an aggregate purchase price of $5.0 million.

The properties were sold effective December 1, 2016 and consist of the Company's approximately 16,000 gross (11,200 net) acres primarily in Adams and Weld counties, Colorado and associated producing vertical wells.

The properties sold will not have a material impact on the Company's production, cash flow or borrowing base. Proved reserves at January 1, 2016 were 4.2 Bcfe (51% liquids) and third quarter 2016 production averaged 0.4…


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United States Deal Activity In Last 12 Months


Other Rockies Region's Deals


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Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Dec-18-2025 - - Click here Colorado  E&P
Nov-03-2025 - - Click here Colorado  E&P
Nov-03-2025 - - Click here Colorado  E&P
Jul-10-2025 - - Click here Colorado  E&P
Apr-10-2025 - - Click here Colorado  E&P

Price History


Date Deal Headline Price$/acre
Dec-18-2025 JAPEX Secures First U.S. Operated Position in $1.26B DJ Basin Acquisition of Verdad Resources -  
Nov-03-2025 Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM -   8,172
Nov-03-2025 SM Energy, Civitas Strike $12.8B All-Stock Merger -