Fort Worth-based real estate investor John Goff and his family holdings have bought a substantial position in Houston-based Contango Oil & Gas Co., federal regulatory filings show.
Since June 5, Goff and three Goff-related investment funds bought more than 4.5 million shares of Contango valued at more than $19.4 million, according to Securities and Exchange Commission filings.
Contango Oil & Gas Co. is an independent oil and natural gas company based in Houston. It produces crude oil and natural gas in shallow waters of the Gulf of Mexico and onshore properties in Texas and Wyoming.
In May, the company reported earning $1 million on revenues of $20.4 million in the first quarter.
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The stock purchase comes about eight months after Goff teamed with Dallas Cowboys owner Jerry Jones to acquire Complexity Gaming, an esports organization based in Houston since 2007. Complexity Gaming was expected to relocate to The Star in Frisco, the Cowboys headquarters.
Goff is chairman of Crescent Real Estate, which owns and/or manages more than $2.5 billion in assets, including several Dallas properties. Crescent sold its only Fort Worth property, 777 Main in downtown Fort Worth, in 2013.
Goff co-founded Crescent Real Estate Equities with the late investor Richard Rainwater in the early 1990s. Goff was CEO of Crescent when it was sold in 2007 to Morgan Stanley for $6.5 billion. He reacquired it in 2009 in partnership with Barclays Capital. Goff Capital Partners was founded in the late 1990s.
This article contains information from the Star-Telegram archives