CTRA Profile
Coterra Energy Inc. operates as an independent player in the oil and gas industry, specializing in the exploration, development, and production of oil, natural gas, and natural gas liquids across strategic regions in the United States. Established in 1989 and headquartered in Houston, Texas, the company focuses its efforts primarily on the Marcellus Shale, where it possesses approximately 177,000 net acres in the dry gas window located in Susquehanna County, Pennsylvania. Beyond the Marcellus Shale, Coterra also holds significant acreage in key regions such as the Permian Basin with approximately 306,000 net acres, and the Anadarko Basin in Oklahoma with approximately 182,000 net acres.
In addition to its exploration and production activities, Coterra Energy Inc. manages natural gas and saltwater disposal gathering systems in Texas, contributing to its operational efficiency and environmental stewardship. The company's diversified customer base includes industrial clients, local distribution companies, oil and gas marketers, major energy firms, pipeline operators, and power generation facilities to which it sells its produced natural gas. As of December 31, 2021, Coterra reported proven reserves totaling approximately 2,892,582 thousand barrels of oil equivalent, comprising substantial quantities of oil, natural gas, and natural gas liquids, underscoring its robust position in the energy market.
Driven by decades of industry experience and a commitment to technological innovation, Coterra Energy Inc. continues to expand its footprint and enhance its operational capabilities in strategic oil and gas producing regions. With a steadfast focus on sustainable growth and resource management, the company remains poised to navigate and thrive in dynamic market conditions while delivering value to its stakeholders and contributing to the energy landscape's evolution.
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