High Profile Merger Creates A New $17 Billion Shale Giant

Cabot Oil & Gas Corporation and Cimarex Energy announced on Monday another merger in the U.S. shale patch in an all-stock merger of equals that would result in a company with a total enterprise value of around $17 billion. Cabot’s approximately 173,000 net acres in the Marcellus Shale will combine with Cimarex’s some 560,000 net acres in the Permian and Anadarko basins in a company with a multi-decade inventory of high-return development locations in the premier oil and natural gas basins in the United States, the companies said…