Description

Coterra Energy Inc. functions as an independent oil and gas enterprise, concentrating on the identification, extraction, and output of crude oil, natural gas, and their liquid derivatives throughout the United States. A primary area of its operations is the Marcellus Shale, specifically within the dry gas window of Susquehanna County, Pennsylvania, where it commands approximately 177,000 net acres. Furthermore, the company possesses significant land holdings in the Permian Basin, totaling around 306,000 net acres, and in Oklahoma's Anadarko Basin, covering about 182,000 net acres. In addition to these core activities, Coterra Energy manages natural gas collection and saltwater disposal systems in Texas. Its clientele is broad, encompassing industrial consumers, local utility providers, energy marketers, prominent energy firms, pipeline operators, and power generation facilities. As of December 31, 2021, its certified reserves amounted to approximately 2,892,582 thousand barrels of oil equivalent (BOE), consisting of 189,429 thousand barrels of crude oil and other liquid hydrocarbons, 14,895 billion cubic feet of natural gas, and 220,615 thousand barrels of natural gas liquids. The company, founded in 1989, has its main office situated in Houston, Texas.