Contango Oil & Gas Co (MCF)
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Contango Oil & Gas Co Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Wilkie Colyer CEO | AMEX Exchange | 21075N204 CUSIP |
| US Country | 205 Employees | 6 Dec 2012 Last Dividend | 4 Dec 2000 Last Split | - IPO Date |
Overview
This independent energy firm engages in the full lifecycle of oil and natural gas exploration and production, which includes the acquisition, development, and exploitation of hydrocarbon assets. Its operational footprint encompasses offshore sites located in the shallow waters of the Gulf of Mexico, in addition to various onshore properties throughout Texas, Oklahoma, Louisiana, and Wyoming in the United States. As of December 31, 2019, the company reported approximately 316.4 billion cubic feet equivalent (Bcfe) in proved reserves, which comprised 131.3 billion cubic feet of natural gas, 19.1 million barrels of crude oil and condensate, and 11.8 million barrels of natural gas liquids. Established in 1986, the company's corporate headquarters are located in Houston, Texas.
Products and Services
- Oil Exploration and Production
The company is actively involved in the exploration and production of crude oil. This entails identifying new oil reserves, drilling exploratory wells, and developing these resources to extract oil for commercial use.
- Natural Gas Exploration and Production
In addition to oil, the firm focuses on exploring and producing natural gas. This involves finding natural gas reserves, developing the necessary infrastructure, and bringing gas to market to fulfill energy demands.
- Natural Gas Liquids
The company produces natural gas liquids (NGLs) as part of its operations. NGLs, which include products such as propane and butane, are derived from natural gas processing and have various uses in the energy sector and beyond.
- Asset Acquisition and Development
The firm specializes in acquiring existing hydrocarbon assets and developing them to maximize output and efficiency. This strategic approach ensures the company remains competitive in the energy market.
- Exploration Services
The company offers comprehensive exploration services, utilizing advanced technology and geological expertise to locate new resources, thereby enhancing its portfolio of oil and gas assets.
