Contango announces expansion of its senior credit facility
May 4, 2021
FORT WORTH, Texas, May 04, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE Am…
Contango comments on DOI 60-day suspension of leasing and permitting on federal lands and provides update on Silvertip acquisition closing
January 26, 2021
Oil and Gas 360 FORT WORTH, Texas, Jan. 25, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today provided commentary on the US Department of Interior’s 60-day suspension of authority for federal permitting, leasing, or other fossil fuel authorizations. Contango does not expect any negative impact on its legacy production or production from
Contango completes acquisition of Mid-Con Energy Partners
January 22, 2021
Oil and Gas 360 FORT WORTH, Texas, Jan. 21, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced the successful completion of its acquisition of Mid-Con Energy Partners, LP (“Mid-Con”) (NASDAQ: MCEP). In accordance with the terms of the merger agreement, Mid-Con unitholders will receive 1.75 shares of Contango common stock for
Column: Oil prices transitioning to next phase of cycle – Kemp
June 23, 2020
Reuters LONDON – Brent futures prices have risen by more than 80% over the last two months, the fastest increase at any point for more than a quarter of a century, as the market has rebounded from its worst crisis in decades. Front-month Brent futures have averaged nearly $42 per barrel over the last five trading sessions, compared with less
Column: Oil traders see market starting road to recovery: Kemp
May 12, 2020
Reuters LONDON – Crude oil traders expect the market to be closer to balance in the next few months as production cuts are implemented and the global transport system emerges from a coronavirus lockdown. Futures prices and swaps linked to physical prices show the market has now moved through the worst of the crisis caused by the volume war between
Whether OPEC+ formally agrees, deeper oil cuts now look inevitable
April 22, 2020
Reuters LONDON – Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more. With crude consumption collapsing, the Organization of the Petroleum Exporting Countries, Russia and other producers, a group known as OPEC+, is due to implement a deal
The oil glut is filling up the world’s supertankers fast
March 27, 2020
Houston Chronicle The world’s oil tankers are being filled with crude at a record pace as the options to store a glut on land rapidly diminish, one of the industry’s largest owners said. A combination of surging production from key producers worldwide and capitulating demand in the face of the coronavirus outbreak means that land storage is being overwhelmed, said
Contango, CEO Part Ways
August 16, 2018
Houston-based Contango Oil & Gas Company (NYSE American: MCF) President and CEO Allan D. Keel has resigned all positions at the company effective immediately, Contango said in a news release yesterday. Contango said it has appointed John C. Goff and Wilkie S. Colyer, Jr. to its board and that Colyer has been appointed Interim President and Chief Executive Officer effective immediately.
Contango Oil & Gas Scored Big: 12,000 Delaware Basin Acres for $5,000 per Acre
February 3, 2017
Contango Oil & Gas built a position in the hottest play in the U.S. at a fraction of the going cost The Delaware Basin has become the U.S.A. focal point for oil and gas acquisitions over the course of the last year, with the per-acre value of deals sky-rocketing compared to other plays in the country. The Delaware’s high rates
Contango Oil & Gas Announces Oil Discovery in Wyoming
June 15, 2015
Contango Oil & Gas (ticker: MCF) announced “the discovery and successful completion” of a well located in Weston County, Wyoming, according to a company press release. The Elliott #1H well (80% working interest) is the first to be drilled by Contango in the Muddy Sandstone formation of its North Cheyenne Prospect Area. Initially intended to be a vertical well drilled
Contango Oil & Gas Outlines Upcoming Opportunities in New Digital Annual Report
April 13, 2015
Contango Oil & Gas (ticker: MCF), an exploration and production company based in Houston, Texas, has published a digital 2014 Annual Report titled “Disciplined Value Enhancement.” The report details the company’s 2014 performance, provides easy access to Form 10-K, gives operations summaries and outlines its corporate vision for 2015. 2015 Gameplan Contango management singled out three drivers to its 2015 development, including
