Contango Resources, Inc. entered into an agreement to acquire assets in the Wind River Basin from ConocoPhillips (NYSE:COP) for $67 million on July 7, 2021. The total purchase price is in cash subject to customary purchase price adjustments, with a June 1, 2021 effective date. Contango Oil & Gas Company intends to fund the purchase price with cash on hand and availability under its existing revolving credit facility. The transaction is subject to the satisfaction of certain closing conditions. The transaction will be submitted to the stockholders of Contango Oil & Gas Company, parent of Contango Resources, Inc. for their consideration. The transaction is expected to to occur in the third quarter of 2021. Lazard Ltd acted as financial advisor and Cody Carper of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Contango Oil & Gas Company. Royal Bank of Canada acted as financial advisor to ConocoPhillips. Contango Resources, Inc. completed the acquisition of assets in the Wind River Basin from ConocoPhillips (NYSE:COP) on August 31, 2021.