Who acquired XEC?

However, the company's journey came to an end on October 1, 2021, marking a significant milestone in its history. This event was a result of Cimarex Energy being acquired by Coterra, a strategic move that reshaped the landscape of the petroleum sector.

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Prior to its acquisition, Cimarex Energy had built a reputation for its innovative approach to energy exploration and production. The company's expertise in utilizing advanced technologies and strategies contributed to its success in the highly competitive industry.

The acquisition by Coterra signified a new chapter for both companies, as they combined their resources and expertise to create a stronger entity. The merger aimed to enhance operational efficiency, expand market reach, and drive growth in the energy sector.

Cimarex Energy, a company traded on the NYSE under the ticker symbol XEC, was established in 2002 within the vibrant petroleum industry. Throughout its existence, the company played a significant role in the exploration and production of oil and gas.