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Coterra

Coterra Energy Inc. is an American energy company engaged in hydrocarbon exploration based in Houston, Texas. The company has operations in the Permian Basin, Marcellus Shale, and the Anadarko Basin.

As of 31 December 2024, the company had 2,271 million barrels of oil equivalent (1.389×1010 GJ) of estimated proved reserves, of which 85% was natural gas, 7% was petroleum, and 8% was natural gas liquids.

The company was formed as Cabot Oil & Gas Corporation, a subsidiary of Cabot Corporation. It became a public company via an initial public offering in February 1990. In March 1991, the company became 100% publicly owned.

In 1994, the company acquired Washington Energy Resources in a $180 million stock transaction.

In May 1995, the company ousted John Lollar, its chairman and CEO, in part due to the ill-timing of the acquisition of Washington Energy Resources.

In 1997, the company sold oil reserves and land in northwest Pennsylvania for $92.5 million.

In 2001, the company acquired Cody Energy for $230 million.

In June 2008, the company was added to the S&P 500.

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