Moody's changes Cimarex's rating outlook to positive upon its announcement to merge with Cabot
Rating Action: Moody's changes Cimarex's rating outlook to positive upon its announcement to merge with Cabot. Global Credit Research- 24 May 2021. New York, May 24, 2021-- Moody's Investors Service, changed Cimarex Energy Co.' s rating outlook to positive from stable in response to the company's May 24 announcement to merge with Cabot Oil& Gas Corporation.Cimarex Energy is an independent oil and gas exploration and production company. The company's operations are mainly located in Texas, New Mexico, and Oklahoma. The company's operations are focused in two main areas: the Permian Basin and the Mid-Continent. The company's Permian Basin region encompasses west Texas and southeast New Mexico. The company's Mid-Continent region consists of Oklahoma and the Texas Panhandle.
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