Houston oil, gas company gets investment from Fort Worth Goff and associates

John Goff and a Goff Capital-led investment group have acquired a substantial position in Houston-based Contango Oil & Gas Co., an independent oil and natural gas company with offshore holdings in the Gulf of Mexico and properties in Texas and Wyoming. In Texas, the company is currently drilling in the Eagle Ford and the Southern Delaware basin in West Texas. In a June presentation, the company said it 2018 focus would be on the Southern Delaware basin. ,

According to a regulatory filing, Goff and three related investment funds bought more than 4.5 million shares of the company since June 5, valued at more than $18 million, according to the filings.

In May, Contango Oil & Gas Co. reported first-quarter earnings of $937,000, with revenue of $20.4 million in the period.

Goff is chairman of Fort Worth-based Crescent Real Estate.