M&A Deal Summary

Contango Oil & Gas Acquires Crimson Exploration

On April 30, 2013, Contango Oil & Gas acquired oil/gas exploration company Crimson Exploration for 390M USD

Acquisition Highlights
  • This is Contango Oil & Gas’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Contango Oil & Gas’ largest (disclosed) transaction.
  • This is Contango Oil & Gas’ 1st transaction in the United States.
  • This is Contango Oil & Gas’ 1st transaction in Texas.

M&A Deal Summary

Date 2013-04-30
Target Crimson Exploration
Sector Oil/Gas Exploration
Buyer(s) Contango Oil & Gas
Deal Type Merger
Deal Value 390M USD
Advisor(s) Barclays Investment Bank (Financial)
Vinson & Elkins (Legal)

Target

Crimson Exploration

Houston, Texas, United States
Crimson Exploration Inc. is an onshore crude oil and natural gas exploration company.

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Buyer(S) 1

Buyer

Contango Oil & Gas

Brenham, Texas, United States

Category Company
Founded 1986
Sector Oil/Gas Exploration
Employees205
Revenue 113M USD (2020)
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 3
Sector (Oil/Gas Exploration) 1 of 3
Type (Merger) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Mid-Con Energy

Tulsa, Oklahoma, United States

Mid-Con Energy was formed to own, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on Enhanced Oil Recovery ("EOR"). Its management team has significant industry experience, especially with waterflood projects and, as a result, our operations focus primarily on enhancing the development of producing oil properties through waterflooding. Mid-Con Energy was formed in 2011 and is based in Tulsa, Oklahoma.

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