Cabot Oil & Gas and Cimarex Energy agree merger deal Share Sign up here for GlobalData's 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 hold a stake of around 49.5% in the combined company, while Cimarex Energy’s shareholders will have a holding of roughly 50.5%.