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Independence Energy Corp.

Company Summary

Recent news

  • 11/8/2021 - Contango & Independence... (subscriber access)
  • 6/8/2021 - Contango Oil & Gas... (subscriber access)

Company Transactions

Date: 9/30/2021
Type: Merger

BUYERS:
  • Independence Energy Corp.
  • Kohlberg Kravis Roberts & Co. L.P. (KKR)
    • SELLERS:
  • Contango Oil & Gas Company
    • DETAILS:
    NOTES:
    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
    REGIONS:
  • Rockies
  • Midcontinent
  • Barnett Shale
  • Permian Basin
  • Eagle Ford