Coterra Energy Inc. has agreed to pay more than $16 million to build a new public water supply system in Dimock, PA, to resolve charges that its predecessor, Cabot Oil and Gas Corp., contaminated residents’ well water over a decade ago during unconventional natural gas development in the area. Coterra, formed in 2021 after Cabot…
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NGI The Weekly Gas Market Report
Lower 48 Oil, Gas Shut-ins, Job Losses Forecast to Accelerate in Reaction to Coronavirus, Low Prices
U.S. oil and gas operators continue to reduce spending and pull back on activity in light of the plummet in demand from Covid-19 and miserable oil prices.
Cimarex Ties Exec Compensation to Reducing Emissions, Natural Gas Flaring
The management team of Denver-based Cimarex Energy Co., whose operations are concentrated in the Permian Basin and Midcontinent, wants to be an active participant in how national policies are set for environmental stewardship, but first it has to walk the walk, CEO Tom Jorden said last week.
Cimarex Committed to ‘Living Within Cash Flow,’ Pivoting to Permian
Denver-based Cimarex Energy Co. said it will cut its capital budget for 2019 and pivot to developing assets in the Permian Basin over the Midcontinent, but it won’t drop any rigs as it looks to grow its total production by double digits.
Cimarex $1.6B Tie-Up with Resolute Builds Permian Delaware Prospects
Denver-based Cimarex Energy Co., whose exploration efforts are concentrated in the Anadarko and Permian basins, agreed Monday to buy cross-town operator Resolute Energy Corp. in a $1.6 billion deal that builds the West Texas portfolio.
Cimarex, Parsley Expecting Price Advantages by Delaying Some Permian Output
Cimarex Energy Co. said it plans to increase crude oil production up to 25% year/year (y/y) while Permian pure-player Parsley Energy Inc. has increased its spending plans and year-end production guidance to reflect shorter cycle times not seen since a wave of asset integrations.
Callon’s $750M Permian Deal with Cimarex to Expand Lateral Drilling Opportunities
Permian Basin-focused Callon Petroleum Co. has picked up more West Texas acreage in a $750 million deal with Cimarex Energy Co. that would allow it to drill longer lateral wells.
Cimarex Secures 98% of Permian Gas Takeaway to October 2019
Cimarex Energy Co. has agreed to sell more than 98% of its projected natural gas production in the Permian Basin through October 2019, on concerns that operators will continue to be impacted by increased local price differentials until additional pipeline capacity is brought online.
Cimarex, Laredo, Diamondback Boost Oil Production in 2017
Onshore-focused explorers Cimarex Energy Co., Laredo Petroleum Inc. and Diamondback Energy Inc. each reported increased oil production in 2017 and in some cases broke company records, and all three plan to operate within cash flows in 2018.
Cimarex Raises Production Guidance on Strong Wolfcamp Well Results
Cimarex Energy Co., exclusively focused on the Permian Basin and the Midcontinent, said a pair of test wells targeting the Upper and Lower Wolfcamp formations in New Mexico and Texas showed enough promising results to increase full-year production guidance.