![]() As prices vary in each commodity, the company can hedge and tactically position to benefit. How Does Coterra Energy Make Money?Ĭoterra makes money from selling crude oil and natural gas. At the end of 2021, it held 198 MMboe reserves in the Anadarko Basin. Here, company activity is currently focused on the Woodford Shale in Western Oklahoma. Anadarko BasinĬoterra owns 182,000 net acres in the Anadarko Basin. At the end of 2021, it held 2,179 MMboe reserves in the Marcellus. Its target zones are the lower and upper Marcellus. In Susquehanna County, Pennsylvania, Coterra holds approximately 177,000 net acres in the dry gas window of the Appalachian basin. ![]() At the end of 2021, it had 514 MMboe (millions of barrels of oil equivalent) reserves here in the Permian. In the Permian's Delaware basin region, Coterra owns 234,000 net acres with multi-zone development opportunities. Its target zones are Wolfcamp, Bone Spring and Avalon. The company holds top-tier assets onshore in the US and owns high-quality development projects in key producing basins. Some environmentally conscious methods include using electric horsepower for power generation, recycling water, reducing emissions through reduced flaring activity, and monitoring continuous emissions. With ESG targets being so crucial to industry nowadays, Coterra strives to responsibly produce oil and natural gas. Our name reflects our natural synergy, a spirit of collaboration, and a combination of premier assets that provide a strong foundation for delivering differentiated performance.Ĭoterra Energy is a premier, diversified energy company well-positioned to deliver superior and sustainable returns. ![]() A Powerful Combination.Ĭabot (NYSE: COG) and Cimarex have come together as one bringing the best of both companies to a new entity, Coterra Energy. on October 1, 2021, in connection with the NYSE: COG merger. The company was renamed Coterra Energy Inc. What Is Coterra Energy?Ĭoterra Energy (NYSE: CTRA) is a recently formed company comprised of Cabot Oil & Gas ( NYSE: COG) and Cimarex Energy ( NYSE: XEC). The new entity is Coterra Energy Inc (NYSE: CTRA). COG merged with Cimarex Energy in an all-stock merger of equals in autumn 2021. Cabot Oil & Gas (NYSE: COG) no longer exists.
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