Announced
Completed
Financials
Tags
Merger
Public
Acquisition
oil & gas
Integrated Oil and Gas
Friendly
Domestic
Majority
United States
Single Bidder
Private Equity
Completed
Synopsis
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.
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