Contango Oil & Gas Co. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: C1141E3D7C0BEN
BAC Reports

Abstracts

Contango Oil & Gas Co. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Contango Oil & Gas Co. and its competitors. This provides our Clients with a clear understanding of Contango Oil & Gas Co. position in the Energy Industry.

• The report contains detailed information about Contango Oil & Gas Co. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Contango Oil & Gas Co.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Contango Oil & Gas Co. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Contango Oil & Gas Co. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Contango Oil & Gas Co. business.

About Contango Oil & Gas Co.

Contango Oil & Gas Company, as independent natural gas and oil company, engages in the exploration, development, production, and acquisition of natural gas and oil properties in the Gulf of Mexico.

Exploration Alliance with Juneau Exploration, L.P. (JEX)

JEX is a private company formed for the purpose of assembling domestic natural gas and oil prospects. Under the company’s agreement with JEX, JEX generates natural gas and oil prospects and evaluates exploration prospects generated by others. JEX focuses on the Gulf of Mexico, and generates offshore exploration prospects via its affiliated companies, Republic Exploration, LLC (REX).

Offshore Gulf of Mexico Exploration Joint Ventures

The company, through its wholly-owned subsidiary, Contango Operators, Inc. (COI) and its partially-owned subsidiary, REX, conducts exploration activities in the Gulf of Mexico. As of August 31, 2010, the company, through COI and REX, had an interest in 28 offshore leases.

Contango Operators, Inc.

COI drills and operates wells in the Gulf of Mexico. The company’s offshore production consists of 11 wells located on federal and state of Louisiana leases in the shallow waters of the Gulf of Mexico. These 11 wells produce via the following three platforms:

Eugene Island 11 Platform: As of August 31, 2010, the company-owned and operated platform at Eugene Island 11 was processing approximately 54 Mmcfed, net to it. This platform services production from the company’s four Mary Rose wells and Eloise North well, which are located in state of Louisiana waters, as well as its Dutch #4 well and Eloise South well, which are both located in federal waters. From the Eugene Island 11 platform, the gas and condensate flow to its Eugene Island 63 auxiliary platform via its 20 inches pipeline, which has been designed with a capacity of 330 Mmcfd and 6,000 bopd, and then from the Eugene Island 63 auxiliary platform to third-party owned and operated on-shore processing facilities near Patterson, Louisiana.

Eugene Island 24 Platform: The third-party owned and operated production platform at Eugene Island 24 was processing approximately 30 Mmcfed, net to Contango as of August 31, 2010. This platform services production from the company’s Dutch #1, #2, and #3 federal wells.

Ship Shoal 263 Platform: Ship Shoal 263 (Nautilus) was spud in October 2009. This platform services production from its Nautilus well which began producing in June 2010 and is producing approximately 18 million cubic feet equivalent per day net to the company.

Other Activities

In March 2010, the company obtained a farm-in and spud a well on block Eugene Island 10 to drill a well on its Eloise South prospect. The company has a 26.9% working interest (21.5% net revenue interest) in Eloise South, inclusive of its ownership interest in REX, and a 47.05% working interest (38.1% net revenue interest) in Dutch #5.

Republic Exploration LLC (REX)

West Delta 36, a REX prospect, is operated by a third party. REX has a 25.0% working interest (WI), and a 20.0% net revenue interest (NRI) in this well.

Onshore Exploration and Properties

Conterra Company: In October 2009, the company’s wholly-owned subsidiary, Conterra Company (Conterra), entered into a joint venture with Patara Oil & Gas LLC (Patara), a privately held oil and gas company, to develop proved undeveloped Cotton Valley gas reserves in Panola County, Texas.

South Texas: In July 2010, the company announced a discovery at its on-shore wildcat exploration well (Rexer #1) in south Texas. It has a 100% working interest (72.5% net revenue interest) in this well before payout, and a 75% working interest (54.4% net revenue interest) after payout.

Contango Mining Company: The company has created a new wholly-owned subsidiary, Contango Mining Company (Contango Mining), to conduct mineral exploration activities on approximately 647,000 acres of Alaska Native and State of Alaska lands located in interior Alaska. Contango Mining has also assembled with the private company approximately 100,000 acres of State of Alaska and Federal unpatented mining claims for the purpose of conducting exploration work for rare earth minerals.

Customers

The company's major customers include ConocoPhillips Company; Shell Trading US Company; Atmos Energy Marketing, LLC; and Enterprise Products Operating LLC.

History

Contango Oil & Gas Company was founded in 1986.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. CONTANGO OIL & GAS CO. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. CONTANGO OIL & GAS CO. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. CONTANGO OIL & GAS CO. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. CONTANGO OIL & GAS CO. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. CONTANGO OIL & GAS CO. COMPETITORS AND INDUSTRY ANALYSIS

5.1. Contango Oil & Gas Co. Direct Competitors
5.2. Comparison of Contango Oil & Gas Co. and Direct Competitors Financial Ratios
5.3. Comparison of Contango Oil & Gas Co. and Direct Competitors Stock Charts
5.4. Contango Oil & Gas Co. Industry Analysis
5.4.1. Energy Industry Snapshot
  5.4.2. Contango Oil & Gas Co. Industry Position Analysis

6. CONTANGO OIL & GAS CO. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. CONTANGO OIL & GAS CO. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. CONTANGO OIL & GAS CO. ENHANCED SWOT ANALYSIS²

9. UNITED STATES PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. CONTANGO OIL & GAS CO. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. CONTANGO OIL & GAS CO. PORTER FIVE FORCES ANALYSIS²

12. CONTANGO OIL & GAS CO. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Contango Oil & Gas Co. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Contango Oil & Gas Co. 1-year Stock Charts
Contango Oil & Gas Co. 5-year Stock Charts
Contango Oil & Gas Co. vs. Main Indexes 1-year Stock Chart
Contango Oil & Gas Co. vs. Direct Competitors 1-year Stock Charts
Contango Oil & Gas Co. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Contango Oil & Gas Co. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Contango Oil & Gas Co. Key Executives
Contango Oil & Gas Co. Major Shareholders
Contango Oil & Gas Co. History
Contango Oil & Gas Co. Products
Revenues by Segment
Revenues by Region
Contango Oil & Gas Co. Offices and Representations
Contango Oil & Gas Co. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Contango Oil & Gas Co. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Contango Oil & Gas Co. Capital Market Snapshot
Contango Oil & Gas Co. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Energy Industry Statistics
Contango Oil & Gas Co. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Contango Oil & Gas Co. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?