Cimarex Takes Over Cabot, Merged Co. Called “Coterra Energy”
Sadly, Cabot Oil & Gas is no more. On Friday the company was merged into Cimarex Energy with Cabot’s CEO Dan Dinges taking on the largely ceremonial role of “Executive Chairman” while Cimarex’s CEO Tom Jorden becomes the actual leader (CEO, President, Director) of the newly merged company, now called Coterra Energy, Inc. Coterra’s common stock will begin trading today on the New York Stock Exchange under the ticker symbol “CTRA.”
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Just two weeks ago MDN told you that Robinson Power Company LLC planned to resume construction of the Beech Hollow Power Plant in Robinson Township (Washington County), PA, a 1,000-megawatt Marcellus-fired project (see
The Ohio Power Siting Board recently approved a new, tiny 16-mile pipeline project in the suburbs of Columbus, Ohio called the Columbia Gas Northern Loop Project. According to Columbia Gas, communities north and west of Columbus are thriving. Since the 1990s, Columbia has expanded its system to keep service reliable by bringing gas from the west and south. However, they are reaching the limits of what’s possible with the existing gas system. A new supply of gas is urgently needed to maintain reliable service in this area. The Northern Loop Project will meet this demand by connecting to gas supplies on the east side of Columbus.
Last week MDN was (as far as we can tell) the first to bring you news of a new lawsuit filed in Allegheny County Court of Common Pleas against EQT alleging the company had not made required royalty payments to at least two residents, and likely many more residents (see
The American Exploration & Production Council (AXPC), which represents major oil and gas companies across the country, including many of the top producers in the Marcellus/Utica, is sounding the alarm that Joe Biden’s massive multi-trillion dollar reconciliation bill will destroy 90,000 jobs in the O&G industry and trim $9 billion out of the country’s Gross Domestic Product (GDP). The Democrat Party aims to destroy fossil fuels and the $3.5 trillion (or $1 trillion or whatever it ends up being) so-called reconciliation bill is designed to do just that.
Brian Anderson is director of the National Energy Technology Laboratory (NETL) and now the head of the Biden administration’s Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization, an effort to kill the use of fossil fuels (see
MARCELLUS/UTICA REGION: Why do Pennsylvanians pay higher price for energy?; Attacking energy industry means more inflation, higher gas prices for OH families; NATIONAL: Bill would reverse Biden’s unconstitutional vaccine mandate; Manchin clashes with fellow Democrats over fossil-fuel demands; Fossil fuel demand shakes off pandemic in blow to climate fight; Winter is coming: can energy catastrophe be averted?; INTERNATIONAL: U.S., international gas markets strap in for wild winter ride.