Page 2 - Dan Dinges News Today

Coterra Energy was formed by the merger of Cabot Oil & Gas (Marcellus gas driller) with Cimarex Energy (Permian gas driller) last October (see Cimarex Takes Over Cabot, Merged Co. Called “Coterra Energy”). Cabot CEO Dan Dinges took on the largely ceremonial role of Executive Chairman of the Board, while Cimarex CEO Tom Jorden became

Cabot Oil & Gas and Cimarex Energy agree merger deal Share Sign up here for GlobalDatas free bi-weekly Covid-19 report on the latest information your industry needs to know. US-based Cabot Oil & Gas has agreed to merge with Cimarex Energy to create a combined business valued at almost $17bn. As per the terms of the all-stock ‘merger of equals’, Cimarex Energy shareholders will be entitled to 4.0146 shares of Cabot Oil & Gas stock for each share held. Cabot Oil & Gas’ shareholders will hol...

Shale investors have been demanding more consolidation in the U.S. oil patch. But not exactly a deal like this one. (Bloomberg) -- Shale investors have been demanding more consolidation in the U.S. oil patch. But not exactly a deal like this one. The merger of Cabot Oil & Gas Corp. with Cimarex Energy Co. announced Monday has confounded investors and analysts, leaving them to question the logic behind a tie-up that the companies say will increase diversification. Cimarex is mostly an oil explor...

Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions. This material may not be published, broadcast, rewritten, or redistr...

The deal is the latest sign that USA drillers are getting increasingly acquisitive. (Bloomberg) -- Cabot Oil & Gas Corp. and Cimarex Energy Co. agreed to merge, forming a new Houston-based shale driller with a value of about $17 billion. The deal is the latest sign that U.S. drillers are getting increasingly acquisitive as a sustained rise in oil prices brightens the outlook for energy demand. The volume of shale deals has doubled to more than $10 billion this year compared with the same period...

Cabot Oil & Gas, Cimarex Energy to merge to create $17 bln producer 05/24/2021 | 06:49am EDT Send by mail : Message : Required fields May 24 (Reuters) - Cabot Oil & Gas Corp and Cimarex Energy Co on Monday agreed to merge to form a U.S. oil and gas producer with an enterprise value of about $17 billion, the latest deal in a sector rebounding from one of its worst downturns. The deal frenzy reflects hopes to ride a recovery in oil and gas prices as fuel demand picks up from pandemic lows, while ...

The new entity will hold a combined 730,000 net acres of US shale.

Cabot, Cimarex Merge to Create New Drilling Company Worth $17B Cabot Oil & Gas Corp. and Cimarex Energy Co. agreed to merge, forming a new Houston-based shale driller with a value of about $17 billion. A Cabot Oil and Gas natural gas drill is viewed at a hydraulic fracturing site The deal is the latest sign that U.S. drillers are getting increasingly acquisitive as a sustained rise in oil prices brightens the outlook for energy demand. The volume of shale deals has doubled to more than $10 bi...

Cabot-Cimarex merger puzzles both analysts and investors By David Wethe on 5/24/2021 click to enlarge HOUSTON (Bloomberg) --Shale investors have been demanding more consolidation in the oil patch. But not exactly a deal like this one. The merger of Cabot Oil & Gas Corp. with Cimarex Energy Co. announced Monday has confounded investors and analysts, leaving them to question the logic behind a tie-up that the companies say will increase diversification. Cimarex is ...

Cimarex shareholders will own 50.5% of the $17 billion joint company. Cabot’s CEO Dan Dinges will take on the role of executive chair of the board. Cabot Oil & Gas Corporation (NYSE: COG) said on Monday it will merge with Cimarex Energy Co (NYSE: XEC), forming a new oil and gas producer in the United States worth about $17 billion (£12 billion). Cabot shares tanked over 3% in premarket trading on Monday and lost another 3% on market open to trade at $16.66 per share that matches the price at...