What is fracking? Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock. Is it safe? What most concerns people about fracturing is
Read More...Cabot Oil & Gas Corp. has agreed to merge with Cimarex Energy Co. in an all-stock transaction valued at roughly $7.4 billion, according to Bloomberg. The deal will give Cabot shareholders about 49.5% of the combined entity and Cimarex shareholders will control the remainder. The newly merged company will be renamed and based in Houston.
Read More...After spending the last couple of years exploring the horizontal well potential in north central Ohio, Cabot Oil & Gas Corp. has ceased operations in the Ashland and Richland County area, according to Farm and Dairy. The Houston-based energy company, which operates Marcellus shale wells in Pennsylvania, hoped to extract oil and gas from its
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