Contango Oil & Gas Company - MCF

Contango Oil & Gas Company (MCF) is a publicly traded oil and natural gas exploration and production company headquartered in Fort Worth, Texas, USA. The company's primary operations are focused on the exploration, development, and production of oil and natural gas reserves in the Gulf of Mexico, along the shallow waters of the continental shelf.

Contango's portfolio of assets includes interests in several offshore blocks located in the Gulf of Mexico, including the Garden Banks, Mississippi Canyon, and Green Canyon regions. The company's assets in these regions include a mix of producing wells, development projects, and exploration prospects.

Contango was founded in 1986 and has grown over the years through both exploration and acquisition. The company went public in 1992 and is currently traded on the New York Stock Exchange (NYSE) under the ticker symbol MCF.

Contango is committed to responsible exploration and production practices and works to minimize the environmental impact of its operations. The company also emphasizes safety and works to ensure the well-being of its employees and contractors.

In recent years, Contango has faced financial challenges due to the decline in oil prices and a large debt load. However, the company has taken steps to address these issues, including selling non-core assets, reducing costs, and restructuring its debt. As of 2021, Contango remains focused on optimizing its current assets and exploring new opportunities for growth.

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