CTRA - Coterra Energy - Stock Price & Dividends

Coterra Energy Inc. is an independent oil and gas company that focuses on the exploration, development, and production of oil, natural gas, and natural gas liquids within the United States. The company's diverse portfolio of properties spans across several regions, including the Marcellus Shale, Permian Basin, and Anadarko Basin.

In the Marcellus Shale, Coterra Energy Inc. holds approximately 186,000 net acres in the dry gas window of the play, primarily located in Susquehanna County, Pennsylvania. This region is known for its rich natural gas reserves, which the company extracts and processes for sale to various customers.

In the Permian Basin, the company's properties cover around 296,000 net acres, situated in west Texas and southeast New Mexico. This region is renowned for its vast oil and natural gas reserves, making it an attractive area for energy companies like Coterra Energy Inc.

In addition, Coterra Energy Inc. has a significant presence in the Anadarko Basin, with approximately 182,000 net acres located in Oklahoma. This region is also rich in oil and natural gas resources, providing the company with a substantial source of revenue.

Beyond its exploration and production activities, Coterra Energy Inc. operates natural gas and saltwater gathering and disposal systems in Texas. This enables the company to efficiently manage its resources and reduce its environmental footprint.

The company's natural gas is sold to a diverse range of customers, including industrial users, local distribution companies, oil and gas marketers, major energy companies, pipeline operators, and power generation facilities. This broad customer base helps to mitigate risks and ensures a stable revenue stream for the company.

Coterra Energy Inc. was founded in 1989 and is headquartered in Houston, Texas, a hub for the energy industry. For more information about the company, visit their website at https://www.coterra.com.