Coterra Energy Inc (XCQ)

Overview

Coterra Energy Inc. is an independent oil and gas company established in 1989, with its headquarters in Houston, Texas. The company focuses on the development, exploration, and production of oil, natural gas, and natural gas liquids within the United States. It possesses significant acreage in strategic locations, including the Marcellus Shale in Pennsylvania, the Permian Basin across west Texas and southeast New Mexico, and the Anadarko Basin in Oklahoma. Coterra Energy Inc. plays a crucial role in the energy market by providing vital resources to meet the demand for oil and gas domestically.

Products and Services

Development, Exploration, and Production
Coterra Energy Inc. specializes in the development, exploration, and production of oil, natural gas, and natural gas liquids. This entails utilizing advanced technology and methodologies to identify oil and gas reserves, extracting these resources safely and efficiently, and then preparing them for sale and distribution.

Marcellus Shale Operations
With approximately 186,000 net acres in the dry gas window of the Marcellus Shale located in Susquehanna County, Pennsylvania, the company focuses on extracting natural gas. This area is notable for its significant natural gas reserves, making it a key component of Coterra Energy’s portfolio.

Permian Basin Properties
Coterra Energy holds about 296,000 net acres in the Permian Basin, spread across west Texas and southeast New Mexico. This region is one of the most prolific oil-producing areas in the United States, contributing substantially to the company's oil production capabilities.

Anadarko Basin Properties
The company also operates in the Anadarko Basin with around 182,000 net acres located in Oklahoma. This area is known for its substantial deposits of both oil and natural gas, adding diversity and stability to Coterra Energy's production operations.

Natural Gas and Saltwater Gathering and Disposal Systems
In addition to its exploration and production activities, Coterra Energy owns and operates natural gas and saltwater gathering systems and disposal facilities in Texas. These systems are essential for the effective management of the byproducts of oil and gas production, ensuring environmental safety and regulatory compliance.

Marketing and Sales
Coterra Energy sells its natural gas to a wide range of customers, including industrial clients, local distribution companies, oil and gas marketers, major energy companies, pipeline enterprises, and power generation facilities. This diverse customer base underscores the company's integral role in the energy supply chain, facilitating the distribution of energy resources across the United States.