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Contango Oil & Gas and Crimson Exploration Enter Into Merger Agreement HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) ("Contango") and Crimson Exploration Inc. (NasdaqGM: CXPO)
Contango and Crimson Announce Closing of the Merger HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) and Crimson Exploration Inc. (NasdaqGM: CXPO) jointly announced today that ...
Contango Provides Operations and Merger Update HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) announced today that the Company's Vermilion 170 well has resumed production ...
Contango and Crimson Announce Effectiveness of Registration Statement on Form S-4 and Schedule Special Shareholder Meetings HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF ...
In 2015, global capacity for oil storage was out-paced by global oil production and an oil glut occurred. Crude oil storage space became a tradable commodity with CME Group— which owns NYMEX— offering oil-storage futures contracts in March 2015. [3] Traders and producers can buy and sell the right to store certain types of oil. [3]
By the same token, a market that is deeply in contango may indicate a perception of a current supply surplus in the commodity. In 2005 and 2006 a perception of an impending supply shortage allowed traders to take advantages of the contango in the crude oil market. Traders simultaneously bought oil and sold futures forward.
Contango Announces Sale of Alta Investment HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) announced today that Alta Energy had recently signed a contract to sell its ...
Contango Updates Operations HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) announced today that it has reached total depth on its South Timbalier 75 prospect (Fang) and no ...