2 Oct 2019 is representing Houston-based Contango Oil & Gas Company in its agreement to acquire $132 million for the assets of White Star Petroleum 1 Oct 2019 the assets of White Star Petroleum. penny stocks to buy or sell October MCF stock chart. White Star had filed for bankruptcy and Contango The Company is engaged in the exploration, development, exploitation and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, Haynes and Boone, LLP is representing Contango in its acquisition of the White Star assets. Approximately 35% of Contango’s equity is owned by John C. Goff and affiliates, including the recent investment of approximately $25 million in the Company’s most recent equity offering. Adding production from the White Star assets to Contango's existing production (5,482 boe/d) would result in estimated total production of about 21,800 boe/d. It's unknown whether the oil and gas properties Contango is acquiring are nonconventional or conventional or a combination thereof, White noted but added that ROTH suspects all are conventional and mature.
26 Jan 2020 the assets of bankrupt White Star Petroleum LLC through BCE-Mach LLC. They were outbid, however, by Contango Oil & Gas Co., which
HOUSTON, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today that the Company has completed its previously announced acquisition of certain assets and liabilities, including approximately 315,000 net acres located in the STACK, Anadarko and Cherokee operating districts in Oklahoma (the “Properties”) from White Star Petroleum, LLC (“White Star”) and certain of its affiliates for a total purchase price Contango officials said production from White Star's wells is composed of 63% oil and natural gas liquids, and that assets it is acquiring also include integrated gathering and saltwater disposal systems that Contango expects will bring in cash from third-parties in addition to lowering its own lease operating expenses. ROTH Capital Partners analyst John White reported that Contango Oil & Gas Co. (MCF:NYSE.MKT) agreed to acquire the assets of White Star Petroleum for $132.5 million. The acquired White Star assets produced approximately 15,000 barrels of oil equivalent per day as of the July 1, 2019 effective date, and which consisted of approximately 63% oil and NGLs. The
Who We Are. Contango Oil & Gas Company is a Houston, Texas based, independent energy company whose business is to maximize production from its shallow offshore Gulf of Mexico properties and onshore properties in Texas and Oklahoma, and to use that cash flow to explore, develop, exploit, produce and acquire crude oil and natural gas properties across the United States.
Contango acquired from White Star approximately 15 Mboe/d of production, approximately 20 Mmboe of PDP reserves as of the July 1 effective date, and 315,000 net acres in Oklahoma split into the three operating districts, for a total purchase price of $132.5 million subject to normal and customary closing adjustments. Contango Oil & Gas (MCF +2%) agrees to acquire the assets of White Star Petroleum for $132.5M, as a part of White Star's Chapter 11 bankruptcy sales process. HOUSTON, Sept. 27, 2019 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today that it has entered into an asset purchase agreement to Who We Are. Contango Oil & Gas Company is a Houston, Texas based, independent energy company whose business is to maximize production from its shallow offshore Gulf of Mexico properties and onshore properties in Texas and Oklahoma, and to use that cash flow to explore, develop, exploit, produce and acquire crude oil and natural gas properties across the United States.
5 Nov 2019 lawyers and professionals representing Contango Oil & Gas Company in the acquisition of assets from White Star Petroleum LLC and certain
8 Oct 2019 September 27: White Star Petroleum reached a definitive agreement to be acquired by Contango Oil & Gas for $132.5 million. *Source: 2 Oct 2019 is representing Houston-based Contango Oil & Gas Company in its agreement to acquire $132 million for the assets of White Star Petroleum 1 Oct 2019 the assets of White Star Petroleum. penny stocks to buy or sell October MCF stock chart. White Star had filed for bankruptcy and Contango The Company is engaged in the exploration, development, exploitation and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast,
3 Oct 2019 Adding production from the White Star assets to Contango's existing production ( 5,482 boe/d) would result in estimated total production of about
2 Oct 2019 is representing Houston-based Contango Oil & Gas Company in its agreement to acquire $132 million for the assets of White Star Petroleum 1 Oct 2019 the assets of White Star Petroleum. penny stocks to buy or sell October MCF stock chart. White Star had filed for bankruptcy and Contango The Company is engaged in the exploration, development, exploitation and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, Haynes and Boone, LLP is representing Contango in its acquisition of the White Star assets. Approximately 35% of Contango’s equity is owned by John C. Goff and affiliates, including the recent investment of approximately $25 million in the Company’s most recent equity offering. Adding production from the White Star assets to Contango's existing production (5,482 boe/d) would result in estimated total production of about 21,800 boe/d. It's unknown whether the oil and gas properties Contango is acquiring are nonconventional or conventional or a combination thereof, White noted but added that ROTH suspects all are conventional and mature.