Talk:Coterra

Name prior to merger?

What was the name of the company prior to the 2021 merger? The page reads: In October 2021, the company acquired Cimarex Energy and was renamed Coterra Energy.[10]

Untitled

"Cabot Oil produced 2.8 million barrels of oil and 71 billion cubic feet of natural gas in 2003."

What's that supposed to mean in standard units? Also, beware that the meaning of "billion" is not really well defined in English (different British and American usages). I'd prefer a power-of-10 indication. David.Monniaux 08:07, 26 Jul 2004 (UTC)

What is the reason for the different spellings in the name of the article (caboit, with an "i") and the company (cabot)? Is it intentional?

The original article was full of typos, I bet this was unintentional. David.Monniaux 09:31, 26 Jul 2004 (UTC)

Company History

1888 – Cabot Corporation is Born

On January 1, 1888, Godfrey Lowell Cabot purchased his brother’s carbon black business and became the sole proprietor of the company that would become Cabot Corporation.

1891 – Drilling First Natural Gas Well

In order to secure an adequate supply of natural gas for his carbon black business, Godfrey Cabot started drilling his own wells. The first one was completed on October 26, 1891 in Armstrong County, not far from Cabot, PA, a town named for the company’s founder.

1899 – Expanding Into West Virginia

Cabot eventually expanded the company south into West Virginia, where he found promising new natural gas fields. Cabot drilled its first well there in September 1899.

1900 – 1925 – Natural Gas Business Grows

During the first quarter of the 20th century, Cabot built several carbon black plants in West Virginia. He also enjoyed a surplus of natural gas, which was sold to third parties for cooking, heating and illumination. Cabot later began selling gas to pipeline companies. As a result, Cabot’s natural gas business grew side-by-side with the company’s carbon black business.

1925 – Moving Into the Southwest

In 1925, Godfrey Cabot’s son, Tom Cabot, proceeded to expand Cabot’s geographical reach to the Southwest, where large oil fields had been discovered and casinghead gas was being flared.

1930s – Building More Texas Facilities

During the 1930s, Tom Cabot built eight carbon black plants in Texas and one in Oklahoma, using casinghead gas as feedstock. The company’s carbon black plants in the East were dismantled. But all the natural gas from those wells continued to be sold to third parties.

1935 – Drilling in Texas

With a long history of drilling in Appalachia and a prime location in the Texas oil patch, Cabot began drilling wells in Texas by 1935. The company has had a continuous presence in the Mid-Continent region ever since.

1937 – Building Gas Processing Plants

In 1937, Cabot started building gas processing plants in West Texas. The business continued to be developed over the years and was eventually sold in the 1980s.

1940s – Natural Gas Business Becomes Independent

Immediately after World War II, a new process for manufacturing carbon black using oil, rather than natural gas became popular. As a result, Cabot’s carbon black business and natural gas business were no longer interdependent. They began operating separately from each other.

1950s – Continued Expansion

Cabot’s Southwest natural gas and oil business expanded throughout the 1950s with active drilling programs being established in Texas, New Mexico, Oklahoma and Kansas.

1963-1969 – First Public Stock Offering

On April 24, 1963, Cabot Corporation became a publicly owned company. The initial public offering followed the death of Godfrey Lowell Cabot on November 2, 1962, at the extraordinary age of 101. During this period, Godfrey’s grandson, Louis Cabot, succeeded his father, Tom, as president of the company. (He later stepped down in 1969.) During the early 1960s, Cabot became one of the first independent oil and gas companies to drill offshore in the Gulf of Mexico. This remained a successful part of the company’s business until it was sold in the 1980s.

1973-1974 – Continued Growth and Pipeline Development

The worldwide energy crisis of 1973-74 sparked a period of growth for Cabot. The company increased drilling in the Mid-Continent, stepped up offshore drilling and made a significant discovery on Galveston Island. Cabot also began a large gas development program in West Virginia, which included upgrading the company’s pipeline gathering and distribution system to provide greater flexibility in bringing its product to market.

1980 – Returning to Pennsylvania

1980 marked the return of Cabot to Pennsylvania with a major, long-term natural gas development program in Crawford, Mercer and Venango Counties.

Late 1980s – Becoming Cabot Oil & Gas Corporation

During the late 1980s, Cabot sold much of its energy assets on and off shore in the Gulf of Mexico and in the Permian Basin. All remaining oil and gas assets were consolidated into Cabot Oil & Gas Corporation (NYSE: COGC).

1990s – 100% Publicly Owned

In 1990, Cabot sold 18% of its COGC stock to the public. In 1991, through a stock exchange offer, Cabot divested itself of the remainder of its COGC stock to become a 100% publicly owned company and traded on the New York Stock Exchange under the symbol COG.

2006 – Beginning Operations in the Marcellus

By 2006, Cabot began drilling operations within the Marcellus Shale formation of Susquehanna County, Pennsylvania.

2012 – Named One of Pennsylvania’s Top Producers

In 2012, Cabot was named one of the top producing natural gas companies in Pennsylvania. — Preceding unsigned comment added by Cabot134 (talk • contribs) 13:05, 14 January 2013 (UTC)