Coterra Energy 

Website

Website

Linkedin Account

Address

840 Gessner Road, Suite 1400
Houston, TX 77024

Phone

281.589.4600

Company Description

Coterra’s assets are primarily located in the Anadarko Basin, where it holds an acreage position of 182,000 net acres and in the Permian core acreage position includes 234,000 net acres.

Coterra Energy ranks #15 in wells drilled in 2023 with 191 wells drilled in the US

Recent News

Capex Guidance Lowered

• New Capex Range for 2025:
  → $2.0 to $2.3 billion, reduced from the previous $2.1 to $2.4 billion range.
• Reason for Lower Capex:
  → Reduction in oil-directed activity (specifically in the Permian Basin).
  → Partially offset by increased gas-directed activity in the Marcellus.
• Reinvestment Rate:
  → Expected to remain conservative at ~50% of Discretionary Cash Flow at current strip prices.

“We are lowering Permian investment in 2025… These decisions to reduce and reallocate capital bolster free cash flow… and allow us to maintain our oil production guidance while slightly increasing our natural gas and BOE volumes.”

Operations

Coterra Energy

Permian Basin

Culberson County, TX ranks #11 in the state for BOE produced in the most recent month (Jul 2022).

Reeves County, TX ranks #2 in the state for BOE produced in the most recent month (Jul 2022).

Lea County, NM ranks #1 in the state for BOE produced in the most recent month (Jul 2022).

Eddy County, NM ranks #2 in the state for BOE produced in the most recent month (Jul 2022).

Anadarko Basin

Canadian County, OK ranks #2 in the state for BOE produced in the most recent month (Jun 2022).

Marcellus Shale

Susquehanna County, PA ranks #1 in the state for BOE produced in the most recent month (Dec 2022).