Going back at least 10 years, MDN has referred to the way Coterra Energy (then Cabot Oil & Gas) was seemingly able to spin golden profits from the straw of low gas prices in the northeastern PA Marcellus (see Cabot Spins Gold from Hay with Low Cost Drilling). Coterra was formed in 2021 when Cabot
This is precisely what we feared might happen and why we were against the merger of Cimarex Energy and Cabot Oil & Gas, now called Coterra Energy (see Cimarex Takes Over Cabot, Merged Co. Called “Coterra Energy”). In Friday's quarterly update, we learned that Coterra is dropping two rigs and cutting back to one frac
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
February 25, 2022 | Marcellus Drilling News marcellusdrilling.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marcellusdrilling.com Daily Mail and Mail on Sunday newspapers.