Contango Completes Acquisition of Silvertip Assets
Assets acquired are low decline, oily, and held by production Contango’s net producing oil decline rate projected to drop to approximately 11% in 2021 FORT WORTH, Texas, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced the successful completion of its previously announced acquisition of assets located in the Big Horn, Permian, and Powder River Basins (“Project Silvertip”). In accordance with the terms of the Purchase and Sale Agreement (“PSA”), Contango acquired these assets for $58 million, ...
Source: marketscreener.com