Contango Oil & Gas Company and Crimson Exploration Inc. jointly announced that they have formally closed their previously announced merger. In accordance with the terms of the merger agreement, Crimson has become a wholly-owned direct subsidiary of Contango. Contango also announced its newly constituted board of directors consists of Joseph J. Romano, Allan D. Keel, B.A. Berilgen, B. James Ford, Brad Juneau, Lon McCain, Charles M. Reimer, and Steven L. Schoonover.

The board of directors has appointed Allan D. Keel as President and Chief Executive Officer of Contango. Joseph J. Romano will remain as Chairman.