What mineral owners need to know about this diversified oil and gas operator.
Get Your Free Mineral ValuationHeadquarters: Houston, Texas
Stock Ticker: NYSE: CTRA
Company Type: Independent E&P (Diversified)
Primary Basins: Permian Basin, Marcellus Shale
Formed: 2021 (Cabot-Cimarex merger)
Focus: Oil (Permian) + Gas (Marcellus)
Coterra Energy is a diversified exploration and production company formed through the 2021 merger of Cabot Oil & Gas (a leading Marcellus Shale producer) and Cimarex Energy (a Permian Basin operator). This combination created a company with significant exposure to both oil and natural gas markets.
The company's diversified portfolio provides balance across different commodity price environments - when oil prices are weak, natural gas may be strong, and vice versa. This balance can benefit mineral owners through more consistent operational activity.
Coterra was created through the merger of Cabot Oil & Gas and Cimarex Energy in 2021. If you previously received royalties from either company, your payments now come from Coterra Energy. Your lease terms remain unchanged, though you may have a new owner number or payment system.
Coterra's oil-focused operations, inherited from Cimarex. Key areas include:
Delaware Basin - Wolfcamp, Bone Spring
Lea County, NM - New Mexico Delaware
Eddy County, NM - Delaware Basin
Reeves County, TX - Texas Delaware
Coterra's natural gas-focused operations, inherited from Cabot. They are one of the largest Marcellus producers, primarily operating in Susquehanna County in northeastern Pennsylvania. This area produces dry natural gas from the Marcellus and Utica formations.
Coterra maintains some legacy Cimarex operations in Oklahoma's Anadarko Basin, primarily targeting the Woodford and Meramec formations.
Diversified portfolio: Both oil and gas operations provide balance
Strong operators: Combines Cabot's gas expertise with Cimarex's oil focus
Financial stability: Diversification reduces commodity price risk
Active development: Consistent drilling programs in both areas
Post-merger integration: Different legacy systems being combined
Different contacts: Regional offices for different operating areas
Corporate headquarters: Houston-based for both regions
General Inquiries: 1-281-589-4600
Note: Contact the regional office for your specific operating area. Check your royalty statement for basin-specific contact information.
Mail: Coterra Energy Inc., 840 Gessner Road, Suite 400, Houston, TX 77024
Coterra Energy was formed in 2021 through the merger of Cabot Oil & Gas and Cimarex Energy. The company operates in both the Permian Basin (oil-focused) and the Marcellus/Utica Shales (natural gas-focused), providing a diversified commodity mix.
Cabot Oil & Gas and Cimarex Energy merged to form Coterra Energy in 2021. If you received royalties from either company, your payments now come from Coterra. Your lease terms remain unchanged.
Coterra operates in two primary regions: the Permian Basin (Delaware and Midland Basins) in Texas and New Mexico for oil, and the Marcellus Shale in northeastern Pennsylvania for natural gas.
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