Cabot OIL & GAS CORP: management transactions · United States · SEC (Form 4)

About Cabot OIL & GAS CORP

Cabot Oil & Gas Corp. (historical ticker: COG) was a U.S.-based energy company listed on the NYSE in the United States. For investors, the key point is that Cabot no longer exists as an independent publicly traded issuer: it merged with Cimarex Energy in October 2021, and the combined company became Coterra Energy. That makes Cabot’s legacy SEC Form 4 filings relevant mainly for historical insider-transaction analysis rather than for assessing a currently listed standalone company. Historically, Cabot was an independent upstream oil and gas producer focused primarily on natural gas. Its operations were concentrated entirely onshore in the United States, with corporate headquarters in Houston, Texas, a location that reflects its positioning in the North American exploration and production ecosystem. The company’s core business model centered on the development, exploitation, exploration, and production of oil and gas properties, with a strong bias toward natural gas and, depending on the asset mix at the time, associated liquids. This made Cabot a relatively pure-play gas name, with earnings and cash flow heavily influenced by commodity prices, operating efficiency, and well productivity. From a competitive standpoint, Cabot was widely viewed as one of the better-known U.S. independent natural gas producers. Its market appeal came from a simple operating profile, disciplined capital allocation, and significant exposure to domestic gas fundamentals. Because its asset base was located exclusively in the continental United States, the company avoided many geopolitical risks seen in international producers, but it remained highly exposed to U.S. supply-demand balances, regional basis differentials, transportation constraints, and broader commodity-price volatility. For investors, that meant Cabot was less about geographic diversification and more about execution, reserves management, and cycle timing. Cabot’s main products and services were straightforward for an upstream company: natural gas production, with oil and natural gas liquids playing a secondary role where applicable. The company’s value proposition depended on converting acreage and reserves into sustainable production and cash generation. That positioning made it especially sensitive to capital-market expectations around free cash flow, dividends, reserve replacement, and the durability of drilling inventories. The most important recent corporate event was the merger with Cimarex Energy, announced in 2021 and completed on October 1, 2021. The transaction created Coterra Energy, a larger and more diversified energy company intended to deliver stronger free cash flow through commodity cycles. Before the merger closed, Cabot continued to report quarterly results and pay dividends, underscoring its shareholder-return orientation. In practical terms, Cabot Oil & Gas Corp. is now best understood as a legacy NYSE-listed U.S. energy issuer whose history matters for sector research, insider activity review, and merger-transition analysis.