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Contango Oil & Gas Company

Company Summary


Contango Oil & Gas Company is a Houston, Texas based, independent oil and natural gas company. The Company’s business is to explore, develop, exploit, produce and acquire crude oil and natural gas properties in the shallow waters of the Gulf of Mexico ("GOM") and in the onshore Texas Gulf Coast and Rocky Mountain regions of the United States.


Operational Regions

  • Gulf of Mexico
  • Gulf Coast
  • Rockies

Financial Data:

AMEX:MCF from Google Finance


  • MCF - American Stock Exchange

Related Entities

Recent news

  • 11/8/2021 - Contango & Independence... (subscriber access)
  • 7/12/2021 - Contango Oil & Gas... (subscriber access)
  • 6/8/2021 - Contango Oil & Gas... (subscriber access)
  • 5/4/2021 - Contango Oil & Gas... (subscriber access)
  • 2/2/2021 - Contango Oil & Gas... (subscriber access)

Investor Presentations

  • Contango & MCEP Strategic Merger Presentation
  • December 2019 Investor Deck (subscriber access)
  • March 2018 Roth Conference Presentation (subscriber access)
  • Johnson Rice 2017 Energy Conference (subscriber access)
  • March 2017 Company Presentation (subscriber access)
  • Sept. 2016 - Barclays CEO Energy-Power Conference (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)

Company Transactions

Date: 9/30/2021
Type: Acquisition


COST: 67 $MM

VOLUMES: 78 Mmcf/d

Contango Oil & Gas has entered into a deal to acquire conventional gas assets in the Wind River Basin of Wyoming from Conoco for $67 million. The assets produce approximately 78 Mmcf/d (100% gas) and will boost Contango's run-rate production by 57% in 3Q21. In total, they purchased 446 Bcfe in PDP reserves with cash, with closing targeted in 3Q21.
  • Wind River Basin
  • Date: 9/30/2021
    Type: Merger

    Contango Oil & Gas has entered into a deal with KKR Real Energy Assets backed Independence Energy to combine in an all-stock transaction. Upon closing, Independence shareholders will own 76% of the company while Contango holds a 24% position. They will have a combined equity market cap of $4.8 billion and an enterprise value of $5.7 billion, closing is targeted for 3Q/4Q21
  • Rockies
  • Midcontinent
  • Barnett Shale
  • Permian Basin
  • Eagle Ford
  • Date: 12/31/2020
    Type: Acquisition

  • Silvertip

    COST: 58 $MM

    VOLUMES: 7.5 MBOE/d

    ACRES: 182000 Acres

    The assets have 18.3 MMboe in PDP reserves and are 100% held by production. The deal was made via a bank-owned liquidation of assets. The acreage includes positions in the Elk Basin Field (Big Horn Basin) with 2 Mboe/d in production and the Permian Basin with 3.8 Mboe/d in production. Closing is planned for December 31, 2020.
  • Big Horn Basin
  • Permian Basin
  • Powder River Basin
  • Date: 12/31/2019
    Type: Acquisition


    COST: 23 $MM

    VOLUMES: 1.4 MBOE/d

    ACRES: 160000 Acres

    Contango Oil & Gas entered into an agreement with Will Energy to acquire 159,872 net acres for a total consideration of $23 million, including $20 million in cash and $3 million in stock. The deal includes 1.4 Mboe/d (34% liquids) in production and 12,560 net acres in North Louisiana and 147,312 net acres in the Western Anadarko Basin of Texas & Oklahoma.
  • East Texas/Louisiana
  • Anadarko Basin
  • Date: 11/5/2019
    Type: Acquisition


    COST: 132.5 $MM

    VOLUMES: 15 MBOE/d

    ACRES: 315000 Acres

    Contango Oil & Gas has entered into an agreement with White Star Petroleum to purchase the firms assets for $132.5 million under the 363 sales process of Chapter 11 bankruptcy.
  • Oklahoma STACK Play
  • Date: 3/28/2018
    Type: Acquisition


    COST: 21 $MM

    VOLUMES: 123 BOE/d

    ACRES: 1050 Acres

  • Eagle Ford
  • Date: 12/22/2016
    Type: Acquisition


    COST: 5 $MM

    VOLUMES: 0.4 Mmcfe/d

    ACRES: 11200 Acres

  • DJ Basin
  • Date: 7/28/2016
    Type: Acquisition


    COST: 25 $MM

    ACRES: 5000 Acres

    50% interest in 5,000 net undeveloped acres in the Delaware Basin
  • Delaware Basin