News | June 8, 2021
Independence Energy To Combine With Contango In All-Stock Merger To Create A Premier U.S. Independent Oil And Gas Company
Combined Company to Deliver Attractive Risk-Adjusted Returns through Cash Flow Oriented Business Model
Projected to be Substantially Accretive to Contango’s Cash Flow Per Share by ~15% in 2021E and ~50% in 2022E1
Meaningful Immediate G&A Synergies with Further Savings Anticipated
Companies to Host Joint Conference Call Today at 7:30 a.m. CT / 8:30 a.m. ET
Houston, TX And Fort Worth, TX (GLOBE NEWSWIRE) - Independence Energy, LLC (“Independence”) and Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced that they have entered into a definitive agreement to combine in an all-stock transaction. The combination, which was unanimously approved by both companies’ Boards of Directors, will create a premier, diversified and low leverage U.S. independent oil and gas
By JANET McCONNAUGHEY The Associated Press NEW ORLEANS (AP) President Joe Biden’s administration wants to know whether offshore wind companies want to move into the Gulf of Mexico. The agency that oversees offshore leases will publish a request for interest Friday in the Federal Register, for areas off Louisiana, Texas, Mississippi and Alabama, the […]
Photo courtesy of Pixaby
“While Louisiana’s onshore wind resources are limited, Louisiana’s coast is ripe for wind energy development,” said Gov. Edwards.
Posted: Jun 9, 2021 2:46 PM
Posted By: Akemi Briggs
BATON ROUGE Gov. John Bel Edwards announced that the Governor’s Office in coordination with the Coastal Protection and Restoration Authority, Louisiana Economic Development and the Department of Natural Resources will host Louisiana Wind Week 2021 from June 21-25 through a series of online sessions that will look at how offshore wind energy could become a part of the state’s energy future.
“While Louisiana’s onshore wind resources are limited, Louisiana’s coast is ripe for wind energy development,” said Gov. Edwards. “Thanks to years of oil and gas exploration experience, Louisiana’s existing infrastructure, workforce and business community give us a strategic advantage in developing offshore wind in the Gulf of Mexico and all coastal waters of the
Posted: 14 days ago
”The Interior Department is committed to developing a robust and sustainable clean energy economy,” said the US Secretary of Interior
Deb Haaland.
”We know that offshore wind development has the potential to create tens of thousands of good-paying, union jobs across the nation. This is an important first step to see what role the Gulf may play in this exciting frontier.”
Once published, the RFI will open a 45-day public comment period to solicit indications of competitive interest and additional information on potential environmental consequences and other uses of the proposed area.
BOEM will consider data received in response to this RFI to determine the next steps in the renewable energy leasing process in the Gulf of Mexico.
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