Benzinga | Dec 7, 2021 04:36PM EST

Independence Energy And Contango Oil And Gas Company Complete Merger, Forming Crescent Energy Company

Crescent Energy Company ("Crescent" or the "Company") (NYSE:CRGY) today announced the successful completion of the combination of Independence Energy LLC ("Independence") and Contango Oil & Gas Company ("Contango"), creating a premier, diversified and well-capitalized U.S. energy company focused on consolidation. Crescent's Class A common stock will trade on the New York Stock Exchange under the ticker symbol "CRGY" at the open of trading on December 8, 2021, and as previously announced, each eligible share of Contango common stock issued and outstanding immediately prior to the effective time of the transaction will be exchanged for 0.2000 shares of Crescent Class A Common Stock.