EXHIBIT 99.1

                  Contango Announces the Appointment
              of B. A. (''Bill'') Berilgen as a Director

    HOUSTON--(BUSINESS WIRE)--July 16, 2007--Contango Oil & Gas
Company (AMEX:MCF) announced today that the Company's Board of
Directors has appointed B. A. (Bill) Berilgen as a director of the
Company.

    Mr. Berilgen has served in a variety of senior positions during
his 37 year career. Most recently, he was Chairman, CEO and President
of Rosetta Resources Inc., a company he founded in 2005. Prior to
that, he was Executive Vice President of Calpine Corp and President of
Calpine Natural Gas L.P. from October 1999 through June 2005. In June
1997, Mr. Berilgen joined Sheridan Energy, a public oil and gas
company, as its President and Chief Executive Officer.

    Mr. Berilgen attended the University of Oklahoma, receiving a B.S.
in Petroleum Engineering in 1970. Additionally, he has a M.S. in
Industrial Engineering / Management Science.

    Kenneth R. Peak, Contango's Chairman and Chief Executive Officer,
said, "I have known and worked with Bill in a variety of capacities
for 20 years, and he is one of the premiere individuals I have known
over my career. Contango will benefit greatly from his integrity,
judgment and experience."

    Contango is a Houston-based, independent natural gas and oil
company. The Company's core business is to explore, develop, produce
and acquire natural gas and oil properties primarily offshore in the
Gulf of Mexico and onshore in the Arkansas Fayetteville Shale. The
Company also owns a 10% interest in a limited partnership formed to
develop an LNG receiving terminal in Freeport, Texas, and holds
investments in companies focused on commercializing environmentally
preferred energy technologies. Additional information can be found on
our web page at www.contango.com.

    This press release contains forward-looking statements that
involve risks and uncertainties, and actual events or results may
differ materially from Contango's expectations. The statements reflect
Contango's current views with respect to future events that involve
risks and uncertainties, including those related to successful
negotiations with other parties, oil and gas exploration risks, price
volatility, production levels, closing of transactions, capital
availability, operational and other risks, uncertainties and factors
described from time to time in Contango's publicly available reports
filed with the Securities and Exchange Commission.


    CONTACT: Contango Oil & Gas Company, Houston
             Kenneth R. Peak, 713-960-1901
             www.contango.com