Cabot Oil & Gas completed the merger with Cimarex Energy in a $17bn deal.

Cabot Oil & Gas, an independent natural gas producer, completed the merger with Cimarex Energy, an independent oil and gas exploration and production company, in a $17bn deal. "The combination of Cabot and Cimarex will create a free cash flow focused, diversified energy company with the scale, inventory and financial strength to thrive across commodity price cycles. The combined business will be overseen by an experienced Board and a management team that is committed to a prudent strategy built on disciplined capital investment, strong free cash flow generation and increasing returns to shareholders. With its premier assets, increased resource diversity and a strong financial foundation, the company will be well positioned to deliver long-term value creation for its shareholders and other stakeholders," Dan O. Dinges, Cabot Chairman, President and CEO. On September 16, 2021, Proxy advisor ISS recommends Cimarex shareholders to vote for merger with Cabot. On September 29, 2021, shareholders of both companies approved the deal.