Contango Oil & Gas (MCF) Announces Private Equity Capital Raise
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Contango Oil & Gas (MCF) and Mid-Con Energy Partners, LP (MCEP) Announce Strategic Merger
October 26, 2020 6:34 AM EDTContango Oil & Gas Company (Contango) (NYSE American: MCF) and Mid-Con Energy Partners, LP (Mid-Con) (NASDAQ: MCEP) today announced they have entered into an agreement to combine in an all-stock merger transaction. The combination continues Contangos consolidation strategy, increases its exposure to oil reserves at an attractive price, increases corporate margins via scale and further cost rationalization, and amplifies Contangos ability to play offense amid the dislocation in the sector, while providing Mid-Cons unitholders with greater liquidity, financial stability and opportunities for growth on a larger platform.
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