The story
Cimarex was founded in 2002. The company was a corporate spin-off of Helmerich & Payne, which sought to separate its exploration and production business from its drilling business. In September 2002, shareholders of Helmerich & Payne received shares in Cimarex.
In 2005, the company acquired Magnum Hunter Resources in a $2.1 billion transaction.
In 2008, the company bought 38,000 acres in Oklahoma from Chesapeake Energy for $180 million.
In 2012, the company sold assets in Texas for $294 million.
In 2014, Cimarex acquired assets in the Cana-Woodford, including 140 billion cubic feet equivalent of proved reserves and 50,000 net acres, in a $249 million transaction.
In 2018, the company sold assets in Ward County, Texas for $570 million.
In March 2019, the company acquired Resolute Energy for $1.6 billion.
In October 2021, the company was acquired by Cabot Oil & Gas, forming Coterra.
From Wikipedia’s article on Cimarex Energy, shared under CC BY-SA 4.0.3