U.S. independents Cimarex Energy Co. and Cabot Oil & Gas Corp. have completed their closely watched merger, bringing together more than 700,000 net acres across the Marcellus Shale and the Permian and Anadarko Basins.

Cabot Cimarex

The previously announced transaction was completed on Friday after both companies’ shareholders approved it earlier this week. The combined company operates under the moniker Coterra Energy Inc., which will trade on the New York Stock Exchange under the ticker symbol “CTRA” starting Monday (Oct. 4). The assets combined produced 605,000 boe/d as of 2Q2021.

“Today marks the beginning of our journey as one Coterra team,” said former Cimarex CEO Tom Jorden, who continues in that role at Coterra. “With tremendous flexibility between premier oil and natural gas...