Contango Oil & Gas Company News

Recent Articles

Results 50 articles shown

Contango, Crimson Exploration Pen Merger Agreement
Contango and Crimson Exploration jointly announce that they have signed a merger agreement for an all-stock transaction pursuant to which Crimson would become a wholly owned subsidiary of Contango.
8:00 PM EST | April 29, 2013
Contango Mourns Loss of Founder
Contango Oil & Gas Company announces that the Company's founder and visionary, Kenneth R. Peak, has passed away.
8:00 PM EST | April 21, 2013
Contango Spotlights Year-End Results
Contango reported natural gas and oil sales from continuing operations for the fiscal year ended June 30, 2011 of approximately $203.8 million.
8:00 PM EST | August 28, 2011
Contango On Schedule for Vermilion Production
Contango announced that it is still on schedule for production to begin at its Vermilion 170 (Swimmy) discovery in September 2011 at an estimated rate of 15 Mmcfed.
8:00 PM EST | August 07, 2011
Contango Completes Drilling GOM Well, Notes Reserves Estimate
Contango has drilled a successful exploratory well at its Swimmy prospect located Offshore Gulf of Mexico on Vermilion block 170.
8:00 PM EST | March 27, 2011
Contango to Spud GOM Well
Contango has received all necessary permits and expects to spud its wildcat exploration well Vermillion Island 170 (Swimmy).
7:00 PM EST | February 21, 2011
Contango Drills Duster at Galveston Prospect
Contango reported that its Galveston Area 277L prospect (His Dudeness) was a dry hole.
7:00 PM EST | November 10, 2010
Contango Completes Credit Agreement, Updates Ops
Contango has completed the arrangement of a $40 million Hydrocarbon Borrowing Base secured revolving credit agreement.
8:00 PM EST | October 21, 2010
Contango Spuds Wildcat Well in GOM
Contango has spud a wildcat exploration well in the Gulf of Mexico.
8:00 PM EST | October 06, 2010
Contango Swings to Loss
Contango reported natural gas and oil sales from continuing operations for the fiscal year ended June 30, 2010 of approximately $160.7 million, compared to $190.7 million for the same period last year.
8:00 PM EST | September 12, 2010
Contango Spotlights Onshore, Offshore Activities
Contango O&G completes onshore well and begins production at Ship Shoal 263 and Eloise South.
8:00 PM EST | July 20, 2010
Nautilus Discovery Tests Initial Rate of 5Mmcfed
Contango O&G has tested its Nautilus discovery (Ship Shoal 263) at an initial rate of five million cubic feet per day and 55 barrels of condensate per day.
8:00 PM EST | June 09, 2010
Contango O&G Cites 1Q Results
Contango O&G reported revenues from sales of natural gas, oil and natural gas liquids for the three months ended March 31, 2010 of approximately $37.8 million, compared to $36.1 million for the same period last year.
8:00 PM EST | May 06, 2010
Contango Drills 2 Dusters in GOM
Contango announced that its Dude prospect (Matagorda Island 617) and Paisano prospect (Vermillion 155) are both dry holes.
8:00 PM EST | April 27, 2010
Triple Delight for Contango in GOM Lease Sale
Contango announced that the Company's wholly-owned subsidiary, Contango Operators, was the apparent high bidder on three lease blocks at the Central Gulf of Mexico Lease Sale No. 213.
8:00 PM EST | March 18, 2010
Contango to Spud Prospect at Vermillion 155 Block
Contango has taken a farm-in on block Vermillion 155 and expects to spud this prospect prior to month's end.
8:00 PM EST | March 18, 2010
Contango Spuds Dude, Eugene Island Prospects in GOM
Contango Oil & Gas has spud two exploration wells in the Gulf of Mexico.
7:00 PM EST | March 04, 2010
Contango Reviews U.S. Production Operations
Repairs are underway on Contango Oil & Gas' recently ruptured 20" pipeline that runs from our production platform at EI-11 to EI-63.
7:00 PM EST | March 04, 2010
Contango Shuts In EI-11H Platform after Pipeline Rupture
One of Contango's pipelines, which transports production from six wells, was ruptured by a dredge contracted by the Army Corporation of Engineers, resulting in the shut-in of its EI-11H platform production.
7:00 PM EST | February 24, 2010
Contango Tags $72.5MM for GOM Exploration
Contango's capital expenditure budget for the remainder of calendar year 2010 calls for an investment of approximately $72.5 million to drill up to six offshore wells in the Gulf of Mexico.
7:00 PM EST | February 08, 2010
Atwood Notes Richmond, Vicksburg Rig Contracts
Atwood Oceanics announced that the Richmond semisub has been awarded a one-well contract at a dayrate of $35,500 by Contango. Additionally, the Vicksburg continues to work offshore Thailand for NuCoastal.
7:00 PM EST | January 19, 2010
Contago Oil & Gas Reports Revenues of $35.6MM for 3Q
Contango Oil & Gas reported revenues from sales of natural gas, oil and natural gas liquids for the three months ended September 30, 2009 of approximately $35.6 million, compared to $72.7 million for the same period last year.
7:00 PM EST | November 08, 2009
Contango to Invest in East Texas JV, Develop Cotton Valley Reserves
Contango's wholly-owned subsidiary has entered into a joint venture with Patara Oil & Gas LLC, a privately held oil and gas company, to develop proved undeveloped Cotton Valley gas reserves in Panola County, Texas.
8:00 PM EST | October 21, 2009
Contango Awarded His Dudeness, El Duderino and Dude Prospects
Contango was a successful bidder in the State of Texas Lease Sale, and has acquired five lease blocks dubbed "His Dudeness" in the Galveston Area. The company also plans to spud its Nautilus prospect this weekend.
8:00 PM EST | October 06, 2009
Contango Oil & Gas Reports Year-End Results
Contango Oil & Gas reported natural gas and oil sales from continuing operations for the fiscal year ended June 30, 2009 of approximately $190.7 million, compared to $116.5 million for the same period last year.
8:00 PM EST | September 13, 2009
Contango Apparent High Bidder at Western GOM Lease Sale
Contango announced that the Company's wholly-owned subsidiary, Contango Operators, Inc., was the apparent high bidder on three lease blocks at the Western Gulf of Mexico Lease Sale No. 210 held on August 19, 2009.
8:00 PM EST | August 18, 2009
Contango Completes Workover on Mary Rose #2
Contango successfully completed the workover on its Mary Rose #2 well is currently producing approximately 95.0 million cubic feet equivalent per day, net to Contango.
8:00 PM EST | June 04, 2009
Contang's Chairman and CEO Enters Trading Plan to Sell Shares
Contango's Chairman and CEO has entered into a trading plan under SEC Rule 10b5-1 for the sale of 200,000 shares over a period of the twelve months beginning June 2009.
8:00 PM EST | June 04, 2009
Contango O&G Increases Revenues, Sees Income Decline
Contango Oil & Gas reported revenues from sales of natural gas, oil and natural gas liquids for the three months ended March 31, 2009 of approximately $36.1 million, compared to $20.8 million for the same period last year.
8:00 PM EST | May 10, 2009
Contango Drills Dry Hole at Eugene Island 56, Returns 40 GOM Leases
"In addition to expensing the $12.5 million of associated dry hole costs at Eugene Island 56, we also returned 40 Gulf of Mexico leases this quarter to the MMS with a book value of approximately $3.7 million," said Contango's CEO, Kenneth R. Peak.
8:00 PM EST | April 26, 2009
Contango's Affiliate Snags 2 Leases in Central Gulf of Mexico
Contango Oil & Gas' affiliated company, Republic Exploration, was the apparent high bidder on two lease blocks at the Central Gulf of Mexico Lease Sale No. 208 held on March 18, 2009.
8:00 PM EST | April 12, 2009
Contango Updates on Stock Repurchase Program
Contango has purchased an additional 300,500 shares of common stock for approximately $10.6 million at an average cost of $35.24 per share.
8:00 PM EST | April 12, 2009
Contango Cites Proved Developed Reserves of 356.3 Bcfe
Contango's current net production is approximately 82 million cubic feet equivalent per day with its Mary Rose-2 well shut-in for a workover.
8:00 PM EST | April 12, 2009
Contango Underscores Production at Dutch, Mary Rose Fields
Contango's Dutch and Mary Rose fields are currently producing at an 8/8ths rate of approximately 227 million cubic feet equivalent per day or, approximately 84 Mmcfed net to Contango.
7:00 PM EST | March 03, 2009
Contango Files Quarterly Results, Updates on Operations
Contango has reported revenues from sales of natural gas, oil and natural gas liquids for the three months ended December 31, 2008 of approximately $45.5 million, compared to $16.6 million for the same period last year.
7:00 PM EST | February 08, 2009
Contango Posts Production Update, Plans to Spud Eugene Island Wildcat Well
Contango Oil & Gas has provided an operational update for its US assets located in the Gulf of Mexico.
7:00 PM EST | January 11, 2009
Contango Tests Positive Gas at Dutch-4
Contango Oil & Gas announced that its Dutch-4 well has tested at a rate of approximately 19.1 million cubic feet equivalent per day.
7:00 PM EST | November 17, 2008
Contango Barrels in $72.7MM in Third Quarter
Contango has reported revenues from sales of natural gas, oil and natural gas liquids for the three months ended September 30, 2008 of approximately $72.7 million, compared to $9.1 million for the same period last year.
7:00 PM EST | November 10, 2008
Atwood's Richmond Rig Awarded New Well, Dayrate in GOM
Atwood's only rig in the Gulf of Mexico, the Richmond, has been awarded another well with a dayrate of $85,000 by Contango.
7:00 PM EST | November 06, 2008
Contango Tests Positive Gas at Eloise-1
Contango Oil & Gas announced that its production test at Eloise-1 was successfully completed. The well tested at a rate of approximately 8.3 million cubic feet equivalent per day.
8:00 PM EST | September 11, 2008
Bayou Bend Makes Gas Discovery at Eugene Island Block 10
Bayou Bend made a gas condensate discovery on its Mt. Moran North prospect in the Marsh Island project in Eugene Island Block 10.
8:00 PM EST | August 05, 2008
Bayou Bend Starts Up Production at Eagle's Nest
Bayou Bend Petroleum commenced production at its Eagle's Nest field in Eugene Island Block 6 in the state waters of Louisiana. The well is currently flowing at 35.1 MMCF/D and 744 BC/D with 9170 psi FTP.
8:00 PM EST | July 29, 2008
Contago Proceeds to Secure Company Sale, Updates Operations
Contango Oil & Gas Company announced that its financial advisor, has begun meeting with parties potentially interested in acquiring the Company. Also announced was the successful completion and of testing the Mary Rose #4 well.
8:00 PM EST | June 17, 2008
Bayou Bend Releases Optimistic GOM Operations Update
Bayou Bend Petroleum has released an update on its production and exploration in the Gulf of Mexico, highlights of which include first production expectations from the Eagle's Nest development and increased exploration.
8:00 PM EST | June 10, 2008
Bayou Bend & Contango Team Up at Mount Moran North Prospect
Bayou Bend has entered into Joint Exploration Agreement with Contango Operators and their partners to contribute acreage and jointly drill and develop the Company's Marsh Island Phase 1 area Mount Moran North Prospect located in Eugene Island 10.
8:00 PM EST | May 27, 2008
Contango Reports Net Income of $112.4 Million for Q1
The results include approximately $69.0 million of discontinued operations related to the sale of our Arkansas Fayetteville Shale properties.
8:00 PM EST | May 11, 2008
Contango's Mary Rose #2 Tests at 29 Mmcfe/d
The Company's Mary Rose #1 and #3 wells are currently producing at a combined 8/8ths rate of approximately 107 Mmcfe/d, while its three Dutch wells are currently producing at a combined 8/8ths rate of approximately 79 Mmcfe/d.
8:00 PM EST | May 11, 2008
Crosstex, Contango Sign Agreement to Process GOM Deep-Shelf Gas
The gas will be transported through an interstate natural gas pipeline to Crosstex's Pelican plant near Patterson, Louisiana, from Contango's production platform on Eugene Island Block 11.
8:00 PM EST | April 29, 2008
Contango Announces Successful Development Well at Mary Rose #2
This is the third well the Company has drilled on its Mary Rose prospect and we expect to test this well by the end of May 2008.
8:00 PM EST | April 28, 2008
Contango Acquires Addtl Working Interest In Dutch, Mary Rose
The estimated proved reserves purchased for the discoveries were 21 billion cubic feet equivalent and the estimated proved plus probable reserves purchased were 24 Bcfe.
8:00 PM EST | April 07, 2008