# Coterra Energy for Mineral Owners

**TL;DR:** Coterra Energy is a diversified oil and gas operator formed in 2021 from the merger of Cabot Oil & Gas and Cimarex Energy. The company operates oil-focused assets in the Permian Basin and gas-focused operations in the Marcellus Shale, providing mineral owners exposure to both commodity markets. Mineral owners who previously received royalties from Cabot or Cimarex now receive payments from Coterra under unchanged lease terms.

## Key Takeaways

- Coterra Energy was formed in 2021 through the merger of Cabot Oil & Gas (Marcellus Shale gas producer) and Cimarex Energy (Permian Basin oil operator)
- The company operates in two primary regions: Permian Basin (Texas and New Mexico) for oil production and Marcellus Shale (Pennsylvania) for natural gas production
- Mineral owners who previously received royalties from Cabot or Cimarex now receive payments from Coterra, though lease terms remain unchanged
- The diversified portfolio provides balance across commodity price environments—when oil prices are weak, natural gas may be strong, and vice versa
- Coterra is one of the largest Marcellus producers, primarily operating in Susquehanna County, Pennsylvania, targeting Marcellus and Utica formations
- The company maintains some legacy operations in Oklahoma's Anadarko Basin, targeting Woodford and Meramec formations
- Coterra's headquarters is in Houston, Texas, with regional offices for different operating areas
- Post-merger integration means mineral owners may have new owner numbers or payment systems, though contact information varies by basin

## Page Highlights

**Company Overview:** Coterra Energy is a publicly traded (NYSE: CTRA) independent exploration and production company headquartered in Houston, formed through a 2021 merger that combined Cabot's gas expertise with Cimarex's oil focus to create a diversified operator.

**Permian Basin Operations:** Coterra operates oil-focused assets in the Delaware Basin targeting Wolfcamp and Bone Spring formations across Lea County and Eddy County, New Mexico, and Reeves County, Texas.

**Marcellus Shale Operations:** As one of the largest Marcellus producers, Coterra operates gas-focused operations in northeastern Pennsylvania's Susquehanna County, producing dry natural gas from Marcellus and Utica formations.

**Merger Impact for Mineral Owners:** Mineral owners who received royalties from Cabot or Cimarex now receive payments from Coterra with unchanged lease terms, though they may have new owner numbers or payment systems due to post-merger integration.

**Advantages for Mineral Owners:** The diversified portfolio reduces commodity price risk, combines strong operational expertise from both legacy companies, and maintains consistent drilling programs in multiple basins providing more stable operational activity.

**Owner Relations:** General inquiries can be directed to 1-281-589-4600, though mineral owners should contact regional offices specific to their operating area and check royalty statements for basin-specific contact information.

## Related Topics

- [Top Oil & Gas Operators Guide](https://www.buckheadenergy.com/operators)
- [Marcellus & Utica Mineral Rights](https://www.buckheadenergy.com/marcellus-utica-shale)
- [Delaware Basin Mineral Rights](https://www.buckheadenergy.com/delaware-basin)
- [EOG Resources Guide](https://www.buckheadenergy.com/operators/eog)
- [Devon Energy Guide](https://www.buckheadenergy.com/operators/devon)
- [Dealing with Oil & Gas Operators](https://www.buckheadenergy.com/dealing-with-operators)
- [How to Sell Mineral Rights](https://www.buckheadenergy.com/how-to-sell)
- [What Are My Minerals Worth?](https://www.buckheadenergy.com/value)

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