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Cimarex, Cabot Combination ‘Building an Ark, Not a Party Boat’ in Lower 48 Oil, Natural Gas Cimarex Energy Co. and Cabot Oil & Gas Corp. on Monday agreed to combine in an all-stock merger, tying together their extensive operations in the Marcellus Shale, Permian and Anadarko basins. Denver-based Cimarex controls 560,000 net acres combined in the Permian and Anadarko, while Houston-based Cabot has 173,000 net acres in the Marcellus. Cabot CEO Dan Dinges has been tapped as executive chairman, while Cimarex chief Tom Jorden would be CEO of the to-be-named company. The merger is “the start ...

The natural gas storage report from the EIA for the week ending April 30th indicated that the amount of natural gas held in underground storage in the US rose by 60 billion cubic feet to 1,958 billion cubic feet by the end of the week, which left our gas supplies 345 billion cubic feet, or 15.0% below the 2,303 billion cubic feet that were in storage on April 30th of last year, and 61 billion cubic feet, or 3.0% below the five-year average of 2,019 billion cubic feet of natural gas that have been in storage as of the 30th of April in recent years....the 60 billion cubic feet that were added t...

Operator Good morning, and welcome to the Cabot Oil & Gas Corporation First Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions]. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]. I'd now like to turn the conference over to Dan Dinges Chairman, President and Chief Executive Officer. Please go ahead, sir. Dan O. Dinges -- Chairman, President and Chief Executive Officer Thank you, Andrea. And good morning. Thank you for joining us today for Cabot's first quarter 2021 earnings call. As a reminder, on today's call, we will be...

Operator Good morning, and welcome to the Cabot Oil & Gas Corporation First Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions]. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]. I'd now like to turn the conference over to Dan Dinges Chairman, President and Chief Executive Officer. Please go ahead, sir. Dan O. Dinges -- Chairman, President and Chief Executive Officer Thank you, Andrea. And good morning. Thank you for joining us today for Cabot's first quarter 2021 earnings call. As a reminder, on today's call, we will be...

Cabot to Cut Spending, Maintain Pennsylvania Production Despite Better Natural Gas Outlook Appalachian pure-play Cabot Oil & Gas Corp. plans to keep year/year production flat in 2021 and cut spending, despite what management believes is likely to be a better year for natural gas producers. In formally releasing its plans for this year, the company reiterated preliminary guidance unveiled in October to move through 2021 in maintenance mode as it looks to return more capital to shareholders. The plan this year “highlights our commitment to disciplined capital allocation” and free cash flow ...