Contango Oil & Gas Company completed the merger with Mid-Con Energy Partners in a $400m deal.

Contango Oil & Gas Company, an independent oil and natural gas company, completed the merger with Mid-Con Energy Partners, a publicly held Delaware limited partnership formed in July 2011 to own, acquire, exploit and develop producing oil and natural gas properties, in a $400m deal. "This merger is exactly the type of transaction we look for to enhance value for our shareholders in the current market. We were able to substantially increase our reserve base and cash flow in an accretive transaction while meeting the needs of Mid-Con unitholders by further rationalizing their cost structure and mitigating their refinancing risk by combining our respective credit facilities," Wilkie Colyer, Contango CEO.