Contango Oil & Gas Company today announced the execution of an agreement with a select group of institutional and accredited investors to sell 26,451,988 shares of common stock in a private placement. The Company expects to receive gross proceeds from the equity capital raise of approximately $39.7 million, which it intends to use in connection [...]
Contango Oil & Gas Company and Mid-Con Energy Partners, LP today announced they have entered into an agreement to combine in an all-stock merger transaction. The combination continues Contango’s consolidation strategy, increases its exposure to oil reserves at an attractive price, increases corporate margins via scale and further cost [...]
Contango Oil & Gas Company announced today its financial results for the second quarter ended June 30, 2020. Second Quarter 2020 Highlights Production of 1,469 Mboe for the quarter, or 16.1 Mboe per day, almost three times the 5.4 Mboe per day produced in the prior year quarter, primarily due to additional production from the properties acquired [...]
Contango Oil & Gas Company announced today its second quarter earnings release schedule. Second Quarter 2020 Earnings Release Schedule In anticipation of delays expected in finalizing its earnings for the second quarter due to its work-from-home strategy related to COVID-19 and related matters, the Company timely filed a Form 12b-25 extension for [...]
Contango Oil & Gas Company announced today that Farley Dakan has been promoted to the position of President of the Company. Additionally, the Company has appointed Chad Roller as Senior Vice President – Chief Operating Officer and Chad McLawhorn as Senior Vice President – General Counsel and Corporate Secretary of the Company. Wilkie Colyer [...]
Contango Oil & Gas Company announced today its financial results for the first quarter ended March 31, 2020. First Quarter 2020 Highlights Production of 1,720 Mboe for the quarter, or 18.9 Mboe per day, a 216% increase from the 6.0 Mboe per day in the prior year quarter, primarily due to additional production from the properties acquired from White [...]
Contango Oil & Gas Company announced today it expects to issue its first quarter earnings release on Monday, June 22, 2020, before the market opens. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Monday, June 22, 2020 at 8:00 am Central Daylight Time. Those interested in [...]
Contango Oil & Gas Company announced today that the Company will be participating in the 2020 J.P. Morgan Energy, Power & Renewables Conference via a virtual presentation to conference participants, and virtual meetings with investors participating in the virtual conference, on Wednesday, June 17, 2020. Contango’s presentation will be at 5:00 pm [...]
Contango Oil & Gas Company announced today that it has amended certain provisions of its senior credit agreement, results of recent drilling activity and production for the first quarter of 2020, and the expected schedule for its release of first quarter 2020 earnings and related earnings conference call. Credit Agreement Amendment On June 9, 2020 [...]
Contango Oil & Gas Company announced that it will offer a cost-effective “fee for service” property management option to companies with distressed or stranded assets, or companies with a desire to reduce administrative costs, while providing Contango a new avenue for growth that aligns with the Company’s own business strategy. Contango also [...]
Contango Oil & Gas Company announced today its financial results for the fourth quarter and twelve months ended December 31, 2019. Fourth Quarter 2019 Highlights Closed on purchase agreements with Will Energy Corporation and White Star Petroleum, LLC and certain affiliates to acquire certain producing assets and undeveloped acreage, primarily in [...]
Contango Oil & Gas Company announced today it expects to issue its fourth quarter 2019 earnings release today, March 30, 2020, after market close. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Tuesday, March 31, 2020 at 8:00 am Central Daylight Time. Those interested in [...]