Fort Worth-based Contango Oil & Gas said Nov. 30 it has reached agreement to acquire assets in Permian Basin, Big Horn and Powder River via a bank-owned liquidation of assets of Mid-Con Energy for $58 million. Contango will acquire 7,500 boed of production (55 percent liquids) and 182,000 net acres. The Permian asset is located on central basin platform and northwest shelf (3,400 boed in 2020Q2, 3,800 boed currently, 40 percent oil). CEO Wilkie S. Colyer said Contango has existing operations in all three basins. He added, “We are extremely excited to acquire these oily, low-decline assets at such an attractive valuation.”