The story
The company was formed as Cabot Oil & Gas Corporation, a subsidiary of Cabot Corporation. It became a public company via an initial public offering in February 1990. In March 1991, the company became 100% publicly owned.
In 1994, the company acquired Washington Energy Resources for $180 million in stock.
In May 1995, the company ousted John Lollar, its chairman and CEO, in part due to the ill-timing of the acquisition of Washington Energy Resources.
In 1997, the company sold oil reserves and land in northwest Pennsylvania for $92.5 million.
In 2001, the company acquired Cody Energy for $230 million.
In 2013, the company sold its assets in the Marmaton play of Oklahoma and West Texas for $160 million.
In March 2018, the company sold its assets in the Eagle Ford Group to KKR and Venado Oil & Gas for $765 million.
In October 2021, the company acquired Cimarex Energy and was renamed Coterra Energy.
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In January 2025, the company acquired Franklin Mountain Energy and Avant Natural Resources for a combined $3.9 billion.
In May 2026, the company was acquired by Devon Energy.
From Wikipedia’s article on Coterra, shared under CC BY-SA 4.0.6