M&A Deal Summary

Crescent Acquires Contango Oil & Gas

On December 7, 2021, Crescent acquired oil/gas exploration company Contango Oil & Gas

Acquisition Highlights
  • This is Crescent’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Crescent’s 1st transaction in the United States.
  • This is Crescent’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-12-07
Target Contango Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) Crescent
Deal Type Merger

Target

Contango Oil & Gas

Brenham, Texas, United States
Contango Oil & Gas is an oil and gas company focused on the exploration, development, production and acquisition of natural gas and oil properties both onshore and offshore in the shallow waters of the Gulf of Mexico. Contango Oil & Gas was founded in 1986 and is based in Brenham, Texas.

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Buyer(S) 1

Buyer

Crescent

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
Revenue 2.4B USD (2023)
DESCRIPTION

Crescent is a differentiated U.S. energy company committed to delivering value for shareholders through disciplined growth through acquisition strategy and consistent return of capital. The company's portfolio of low-decline, cash-flow-oriented assets comprises both mid-cycle unconventional and conventional assets with a long reserve life and a deep inventory of high-return development locations in the Eagle Ford and Uinta basins. Crescent is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Merger) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 SilverBow

Houston, Texas, United States

SilverBow is an oil and gas company that engages in developing, exploring, acquiring, and operating oil and gas properties with a focus on onshore and inland waters oil and natural gas reserves in Louisiana and Texas, as well as oil and natural gas reserves in New Zealand. SilverBow was founded in 1979 and is based in Houston, Texas.

Buy $2.1B
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