DENVER, June 21, 2021 /PRNewswire/ -- Cimarex Energy
Co. (NYSE: XEC) today announced that Tom
Jorden, Chairman, President and CEO, will present at the
2021 J.P. Morgan Energy, Power & Renewables Virtual Conference
on Tuesday, June 22 at 1:20 PM MT (3:20 PM
ET).
A live webcast of the presentation will be available on the
"Events & Presentations" page under the "Investors" section of
the Company's website at www.cimarex.com. The webcast will
be archived and available at the same location after the conclusion
of the live event.
About Cimarex Energy
Denver-based Cimarex Energy Co. is
an independent oil and gas exploration and production company with
principal operations in the Permian Basin and Mid-Continent areas
of the U.S.
Cautionary Statement Regarding Forward-Looking
Information
This communication contains, and the presentation will contain,
certain "forward-looking statements" within the meaning of federal
securities laws. Words such as "anticipates," "believes,"
"expects," "intends," "plans," "outlook," "will," "should," "may"
and similar expressions may be used to identify forwardlooking
statements. Forward-looking statements are not statements of
historical fact and reflect Cabot's and Cimarex's current views
about future events. Such forward-looking statements include, but
are not limited to, statements about the benefits of the proposed
merger involving Cabot and Cimarex, including future financial and
operating results; Cabot's and Cimarex's plans, objectives,
expectations and intentions; the expected timing and likelihood of
completion of the transaction; the expected timing and amount of
any future dividends; and other statements that are not historical
facts, including estimates of oil and natural gas reserves and
resources, estimates of future production, assumptions regarding
future oil and natural gas pricing, planned drilling activity,
future results of operations, projected cash flow and liquidity,
the achievement of synergies, business strategy and other plans and
objectives for future operations. No assurances can be given that
the forward-looking statements contained in this communication will
occur as projected and actual results may differ materially from
those projected. Forward-looking statements are based on current
expectations, estimates and assumptions that involve a number of
risks and uncertainties that could cause actual results to differ
materially from those projected. These risks and uncertainties
include, without limitation, the ability to obtain the requisite
Cabot and Cimarex stockholder approvals; the risk that Cabot or
Cimarex may be unable to obtain governmental and regulatory
approvals required for the merger; the risk that an event, change
or other circumstances could give rise to the termination of the
proposed merger; the risk that a condition to closing of the merger
may not be satisfied on a timely basis or at all; the length of
time necessary to close the proposed transaction, which may be
longer than anticipated for various reasons; the risk that the
businesses will not be integrated successfully; the risk that the
cost savings and any other synergies from the transaction may not
be fully realized or may take longer to realize than expected; the
risk that any announcement relating to the proposed transaction
could have adverse effects on the market price of Cabot's common
stock or Cimarex's common stock; the risk of litigation related to
the proposed transaction; the effect of future regulatory or
legislative actions on the companies or the industry in which they
operate, including the risk of new restrictions with respect to
well spacing, hydraulic fracturing, natural gas flaring or other
oil and natural gas development activities; the risk that the
credit ratings of the combined business may be different from what
the companies expect; disruption from the transaction making it
more difficult to maintain relationships with customers, employees
or suppliers; the diversion of management time on merger-related
issues; the volatility in commodity prices for crude oil and
natural gas; the continuing effects of the COVID-19 pandemic and
the impact thereof on Cabot's and Cimarex's businesses, financial
condition and results of operations; actions by, or disputes among
or between, the Organization of Petroleum Exporting Countries and
other producer countries; the presence or recoverability of
estimated reserves; the ability to replace reserves; environmental
risks; drilling and operating risks; exploration and development
risks; competition; the ability of management to execute its plans
to meet its goals; and other risks inherent in Cabot's and
Cimarex's businesses. In addition, the declaration and payment of
any future dividends, whether regular base quarterly dividends,
variable dividends or special dividends following completion of the
proposed transaction, will depend on the combined business'
financial results, cash requirements, future prospects and other
factors deemed relevant by the board of directors of Cabot (as then
constituted). These risks, as well as other risks related to the
proposed transaction, will be described in the registration
statement on Form S-4 and joint proxy statement/prospectus that
will be filed with the SEC in connection with the proposed
transaction. While the list of factors presented here is, and the
list of factors to be presented in the registration statement on
Form S-4 are, considered representative, no such list should be
considered to be a complete statement of all potential risks and
uncertainties. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual outcomes may vary materially from those indicated. For
additional information about other factors that could cause actual
results to differ materially from those described in the
forward-looking statements, please refer to: (1) Cabot's annual
reports on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K, which are available on Cabot's website at
www.cabotog.com/investor-relations and on the SEC's website at
http://www.sec.gov; and (2) Cimarex's annual reports on Form 10-K,
quarterly reports on Form 10-Q and current reports on Form 8-K,
which are available on its website at
www.cimarex.com/investor-relations and on the SEC's website at
http://www.sec.gov.
Forward-looking statements are based on the estimates and
opinions of management at the time the statements are made. Except
to the extent required by applicable law, neither Cabot nor Cimarex
undertakes any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise. Readers are cautioned not to place
undue reliance on these forward-looking statements that speak only
as of the date hereof.
No Offer or Solicitation
This communication is not intended to and shall not constitute an
offer to buy or sell or the solicitation of an offer to buy or sell
any securities, or a solicitation of any vote or approval, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made, except by
means of a prospectus meeting the requirements of Section 10 of the
U.S. Securities Act of 1933, as amended.
Additional Information about the Merger and Where to Find
It
In connection with the proposed transaction, Cabot intends to file
with the Securities and Exchange Commission ("SEC") a registration
statement on Form S-4 that will include a joint proxy statement of
Cabot and Cimarex and that also constitutes a prospectus of Cabot.
Each of Cabot and Cimarex may also file other relevant documents
with the SEC regarding the proposed transaction. This communication
is not a substitute for the joint proxy statement/prospectus or
registration statement or any other document that Cabot or Cimarex
may file with the SEC. The definitive joint proxy
statement/prospectus (if and when available) will be mailed to
stockholders of Cabot and Cimarex. INVESTORS AND SECURITY HOLDERS
ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY
STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE
FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO
THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY
BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT
INFORMATION ABOUT CABOT, CIMAREX AND THE PROPOSED TRANSACTION.
Investors and security holders will be able to obtain free copies
of the registration statement and joint proxy statement/prospectus
(if and when available) and other documents containing important
information about Cabot, Cimarex and the proposed transaction, once
such documents are filed with the SEC through the website
maintained by the SEC at http://www.sec.gov. Copies of the
documents filed with the SEC by Cabot may be obtained free of
charge on Cabot's website at www.cabotog.com/investor-relations or
by contacting Matt Kerin by email at
matt.kerin@cabotog.com or by phone at 281-589-4642. Copies of the
documents filed with the SEC by Cimarex may be obtained free of
charge on Cimarex's website at
www.cimarex.com/investor-relations.
Participants in the Solicitation
Cabot, Cimarex and certain of their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies in respect of the proposed transaction.
Information about the directors and executive officers of Cabot,
including a description of their direct or indirect interests, by
security holdings or otherwise, is set forth in Cabot's proxy
statement for its 2021 Annual Meeting of Stockholders, which was
filed with the SEC on March 12, 2021,
and Cabot's Annual Report on Form 10-K for the fiscal year ended
December 31, 2020, which was filed
with the SEC on February 26, 2021.
Information about the directors and executive officers of Cimarex,
including a description of their direct or indirect interests, by
security holdings or otherwise, is set forth in Cimarex's proxy
statement for its 2021 Annual Meeting of Stockholders, which was
filed with the SEC on March 26, 2021,
and Cimarex's Annual Report on Form 10-K for the fiscal year ended
December 31, 2020, which was filed
with the SEC on February 23, 2021.
Other information regarding the participants in the proxy
solicitations and a description of their direct and indirect
interests, by security holdings or otherwise, will be contained in
the joint proxy statement/prospectus and other relevant materials
to be filed with the SEC regarding the proposed transaction when
such materials become available. Investors should read the joint
proxy statement/prospectus carefully when it becomes available
before making any voting or investment decisions. You may obtain
free copies of these documents from Cabot or Cimarex using the
sources indicated above.
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SOURCE Cimarex Energy Co.