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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, L...

Independence Energy and Contango Oil & Gas Company have agreed to merge in an all-stock deal to create a new oil and gas company.

Independence Energy and Contango Oil & Gas have entered into a definitive agreement to combine in an all-stock transaction. The combination will create a premier, diversified and low leverage U.S. independent oil and gas company focused on consolidation.

Combined, the merged entity is expected to produce as much as 114,000 boe/d next year.

Who are Dallas-Fort Worth's 27 billionaires? Take a look With Elon Musk’s relocation to the Austin region, he has taken the No. 1 spot in Texas. But there are still plenty of billionaires in North Texas. Author: David Ajamy (Dallas Business Journal) Published: 12:37 PM CDT May 15, 2021 Updated: 12:37 PM CDT May 15, 2021 DALLAS — Editor's note: The video above aired in April 2021. Over 40 percent of Texas’ billionaires hail from Dallas-Fort Worth, according to a Forbes ranking of the world’s billionaires released earlier this year. Of t...