COTERRA ENERGY INC.DL-,10 (XCQ)

Overview

Coterra Energy Inc. is an independent oil and gas company dedicated to the development, exploration, and production of oil, natural gas, and natural gas liquids within the United States. With its inception in 1989, Coterra Energy has established a strong presence in the sector, focusing its operations across several key oil and gas producing regions. The company holds significant acreage in the Marcellus Shale, Permian Basin, and Anadarko Basin, positioning it as a significant player in the energy industry. Coterra Energy is headquartered in Houston, Texas, placing it geographically at the heart of the U.S. oil and gas industry.

Products and Services

• Development, Exploration, and Production of Oil

  Coterra Energy Inc. engages in the exploration and development of oil reservoirs, along with the production of crude oil. By leveraging advanced technologies and techniques, the company is able to maximize oil recovery from its fields, catering to the energy needs of a vast market.

• Natural Gas and Natural Gas Liquids (NGLs)

  Alongside oil, Coterra Energy is involved in the production of natural gas and NGLs. The company exploits its rich reserves located in strategic basins across the U.S. to extract natural gas, which is then sold to a wide range of customers including industrial users, local distribution companies, and power generation facilities. The production of NGLs adds another layer to Coterra’s diverse product portfolio, servicing various sectors of the energy market.

• Marcellus Shale Operations

  With approximately 186,000 net acres in the Marcellus Shale's dry gas window located in Susquehanna County, Pennsylvania, Coterra Energy has a significant position in one of the most prolific natural gas-producing regions in the United States. This enables the company to heavily contribute to the domestic gas supply, reducing reliance on imported energy sources.

• Permian Basin and Anadarko Basin Properties

  Coterra Energy maintains a strong presence in the Permian Basin and Anadarko Basin, holding around 296,000 net acres in west Texas and southeast New Mexico, and 182,000 net acres in Oklahoma, respectively. These regions are known for their rich oil and natural gas reserves, providing the company with diverse opportunities for growth and development in the energy sector.

• Natural Gas and Saltwater Gathering and Disposal Systems

  Furthermore, Coterra Energy operates natural gas and saltwater gathering systems and disposal facilities, primarily in Texas. These systems are essential for the efficient and safe transportation and disposal of hydrocarbons and produced water, emphasizing the company’s commitment to environmental responsibility alongside its operational activities.