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U.S. oil and gas producer Coterra Energy joined its peers in posting a sharp drop in quarterly profit on Monday, as gas prices scaled back from last year s peaks, sending its shares down about 2% in extended trading. ....
After several weeks of anemic permit numbers for Pennsylvania, last week PA came roaring back by issuing 30 permits to drill new shale wells. Some 12 of those permits went to Coterra Energy for two pads in Susquehanna County. EQT (aka Rice Drilling) received six permits for a single pad in Greene County, and Chesapeake ....
Coterra Energy was formed by the merger of Cabot Oil & Gas (Marcellus gas driller) with Cimarex Energy (Permian gas driller) last October (see Cimarex Takes Over Cabot, Merged Co. Called “Coterra Energy”). Cabot CEO Dan Dinges took on the largely ceremonial role of Executive Chairman of the Board, while Cimarex CEO Tom Jorden became ....
Coterra Energy, formed last October when Cabot Oil & Gas merged with Cimarex Energy, issued its second quarter update yesterday. The company made $1.2 billion in profit last quarter, versus making just $30 million a year ago. Natural gas production in the Marcellus stayed pretty much even at 2.22 Bcf/d. The company generated over $1 ....