M&A Deal Summary

Coterra Energy Acquires Cimarex Energy

On September 29, 2021, Coterra Energy acquired oil/gas exploration company Cimarex Energy

Acquisition Highlights
  • This is Coterra Energy’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Coterra Energy’s 3rd transaction in the United States.
  • This is Coterra Energy’s 3rd transaction in Colorado.

M&A Deal Summary

Date 2021-09-29
Target Cimarex Energy
Sector Oil/Gas Exploration
Buyer(s) Coterra Energy
Deal Type Merger

Target

Cimarex Energy

Denver, Colorado, United States
Cimarex Energy is an oil and gas exploration and production company with principal operations in the Anadarko and Permian Basins of the US. Cimarex Energy was founded in 2002 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Coterra Energy

Houston, Texas, United States

Category Company
Founded 1989
Sector Oil/Gas Exploration
Employees894
Revenue 5.9B USD (2023)
DESCRIPTION
Cabot Oil & Gas' corporate headquarters in Houston, Texas.
Cabot Oil & Gas' corporate headquarters in Houston, Texas.

Coterra Energy is an oil and gas company engaged in the development and exploration of oil and gas properties in the continental United States. Coterra Energy continues to refine its operating focus, narrowing its natural gas development effort to the Marcellus shale in northeast Pennsylvania and its oil development effort to the Eagle Ford shale in South Texas. Coterra Energy was founded in 1989 and is based in Houston, Texas.


DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 3 of 3
Type (Merger) 1 of 1
State (Colorado) 3 of 3
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Cabot Oil & Gas - Cabot Eagle Ford Assets

Houston, Texas, United States

Cabot Oil & Gas Corp. - Cabot Eagle Ford Assets include approximately 303 gross/203 net wells and 74,400 net acres situated primarily in the Eagle Ford oil window of South Texas (Atascosa, Frio, and LaSalle counties).

Sell $765M