Independence Energy to Combine With Contango in All-Stock Merger to Create a Premier U.S. Independent Oil and Gas Company

HOUSTON and FORT WORTH, Texas, June 08, 2021 (GLOBE NEWSWIRE) — Independence Energy, LLC (“Independence”) and Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced that they have entered into a definitive agreement to combine in an all-stock transaction. The combination, which was unanimously approved by both companies’ Boards of Directors, will create a premier, diversified and low leverage U.S. independent oil and gas company focused on consolidation.

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