Crescent Energy Company today announced the successful completion of the combination of Independence Energy and Contango Oil & Gas Company, creating a premier, diversified and well-capitalized U.S. energy company focused on consolidation. Crescent's Class A common stock will trade on the New York Stock Exchange under the ticker symbol "CRGY" at the [...]
Contango Oil & Gas Company announced today its financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights and Recent Developments Production sales of 2,426 MBoe for the third quarter of 2021, or 26.4 MBoe per day, compared to 1,587 MBoe, or 17.2 MBoe per day in the prior year quarter. Net loss was $15.2 million [...]
Contango Oil & Gas Company announced today that it plans to issue its third quarter 2021 earnings release after market close on Monday, November 15, 2021. Teleconference Call In light of the previously announced Special Meeting of Shareholders of Contango scheduled to be held on December 6, 2021, whereby Contango shareholders will vote on the [...]
Contango Oil & Gas Company today announced that it has set December 6, 2021 as the meeting date for the special meeting of its shareholders to approve its proposed business combination with Independence Energy LLC . The parties expect that the business combination will close on or about December 7, 2021, subject to approval of the business [...]
Contango Oil & Gas Company today announced the successful completion of its previously announced acquisition of low decline, conventional gas assets in the Wind River Basin of Wyoming from ConocoPhillips. Highlights Assets acquired are PDP-heavy assets with a net production run rate of approximately 78 Mmcfe/d, as of the effective date of the [...]
Contango Oil & Gas Company announced today its financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights and Recent Developments Production sales of 2,196 MBoe for the second quarter of 2021, or 24.1 MBoe per day, an increase from 1,469 MBoe, or 16.1 MBoe per day in the prior year quarter, primarily due to new [...]
Contango Oil & Gas Company announced today that it plans to issue its second quarter 2021 earnings release after market close on Wednesday, August 11, 2021. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Wednesday, August 11, 2021 at 4:00 pm Central Daylight Time. Teleconference [...]
Contango Oil & Gas Company announced today that it has entered into an agreement to acquire low decline, conventional gas assets in the Wind River Basin of Wyoming from ConocoPhillips. HIGHLIGHTS Acquisition of PDP heavy reserves for $67 million in cash, representing a discount to the proved producing reserve value of the asset Net production run [...]
Combined Company to Deliver Attractive Risk-Adjusted Returns through Cash Flow Oriented Business Model Projected to be Substantially Accretive to Contango's Cash Flow Per Share by ~15% in 2021E and ~50% in 2022E1 Meaningful Immediate G&A Synergies with Further Savings Anticipated Companies to Host Joint Conference Call Today at 7:30 a.m. CT / 8:30 [...]
Contango Oil & Gas Company announced today its financial results for the first quarter ended March 31, 2021. First Quarter 2021 Highlights and Recent Developments Production sales of 1,773 MBoe for the first quarter of 2021, or 19.7 MBoe per day, an increase from 1,720 MBoe, or 18.9 MBoe per day in the prior year quarter, primarily due to new [...]
Contango Oil & Gas Company announced today that it plans to issue its first quarter 2021 earnings release before market open on Thursday, May 13, 2021. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Thursday, May 13, 2021 at 8:00 am Central Daylight Time. Teleconference Call Those [...]
Contango Oil & Gas Company announced today the amendment and expansion of its Senior Credit Facility led by JPMorgan Chase Bank under which the borrowing base has been increased from $120 million to $250 million. Credit Agreement Amendment On May 3, 2021, the Company entered into the Fifth Amendment to the Credit Agreement, dated as of September [...]
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