CONTANGO OIL & GAS COMPANY
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Contango Oil &amp; Gas Company operates as an independent natural gas and oil company. It engages in the exploration, development, production, and acquisition of natural gas and oil properties primarily offshore in the Gulf of Mexico, the Fayetteville Shale in Arkansas, and onshore along the Gulf Coast. The company also has a 10% partnership interest in Freeport LNG Development, L.P., which develops a liquefied natural gas receiving terminal in Freeport, Texas, as well as has a 32% interest in Contango Capital Partnership Management, LLC, which invests in the alternative energy venture capital market. In addition, the company holds 42.7% interest in Republic Exploration LLC, which holds a nonexclusive license to approximately 2,030 blocks of 3-D seismic data in the shallow waters of the Gulf of Mexico; 76.1% interest in Contango Offshore Exploration, LLC, which focuses on the acquisition and reprocessing 1,775 blocks of 3-D seismic data in the Gulf of Mexico; and 50% interest in Magnolia Offshore Exploration LLC, which owns license rights to 3-D seismic data covering 600 blocks of the Gulf of Mexico continental shelf. As of September 30, 2005, the company had total proved reserves of 1,229 million cubic feet of natural gas and 70 thousand barrels of oil. Contango Oil &amp; Gas Company was founded in 1986 and is based in Houston, Texas.