Odd Coupling: Cimarex And Cabot Join In $17B Merger Of Unlikely Oil And Gas Equals

The deal will create a company with an enterprise value of $17 billion and a portfolio of assets split between Cimarex’s core 560,000-acre position in the oily Permian basin of west Texas, and Cabot’s core 173,000 acres in northeastern Pennsylvania’s Marcellus shale gas fields.

Source: https://www.forbes.com/sites/christopherhelman/2021/05/24/odd-coupling-cimarex-and-cabot-join-in-17b-merger-of-unlikely-oil-and-gas-equals/

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