Coterra Energy - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Coterra Energy M&A Summary

Coterra Energy has acquired 5 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets.

Coterra Energy’s largest acquisition to date was in 2001, when it acquired Cody Energy for $230M. It’s largest disclosed sale occurred in 2018, when it sold Cabot Oil & Gas - Cabot Eagle Ford Assets to Venado Oil & Gas for $765M. Coterra Energy has acquired in 1 US state. The Company’s most targeted sectors include oil/gas exploration (100%).

Coterra Energy Business Overview

Where is Coterra Energy headquartered?

Coterra Energy is headquartered in Houston, Texas.

What is Coterra Energy’s revenue?

Coterra Energy disclosed revenue of 9,051M USD for 2022 and 3,449M USD for 2021.

How many employees does Coterra Energy have?

Coterra Energy has 981 employees.

What sector is Coterra Energy in?

Coterra Energy is an oil/gas exploration company.

When was Coterra Energy founded?

Coterra Energy was founded in 1989.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

Coterra Energy

Coterra Energy

Three Memorial City Plaza Suite 1400 840 Gessner Road,
Houston, Texas 77024
United States,
(281) 589-4600
www.coterra.com

Coterra Energy is an oil and gas company engaged in the development and exploration of oil and gas properties in the continental United States. Coterra Energy continues to refine its operating focus, narrowing its natural gas development effort to the Marcellus shale in northeast Pennsylvania and its oil development effort to the Eagle Ford shale in South Texas. Coterra Energy was founded in 1989 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - 1 - - - 3
vol $230M $230M
Sell (0.0/yr) # 2 - - - - - 2
vol $925M $925M
  5

Most Recent M&A

Company Date Value Type
Cimarex Energy Co. 2021-09-29 - Merger
Denver, Colorado · www.cimarex.com
Cabot Oil & Gas - Cabot Eagle Ford Assets 2018-03-19 765M USD Divestiture
Houston, Texas
Cabot Oil & Gas - Panhandle Marmaton Assets 2013-12-19 160M USD Divestiture
, United States
Enduring Resources LLC 2010-12-10 - Add-on Acquisition
Denver, Colorado · www.enduringresources.com
Cody Energy, LLC 2001-06-21 230M USD Add-on Acquisition
Denver, Colorado
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (100%) 230M (100%) 2 (100%) 925M (100%)
Total 3 $230M 2 $925M

By Geo

State/Country Buy Value Sell Value
United States 3 230M 2 925M
  Colorado 3 230M - -
  Texas - - 1 765M
Total 3 $230M 2 $925M

Top M&A Advisors

Legal Deals
Baker Botts LLP
 1

Deal Values

buy # Total
$100M to $1B 1 $230M
TOTAL $230M
Largest Cody Energy, LLC
$230M (2001-06-21)
sell # Total
$100M to $1B 2 $925M
TOTAL $925M
Largest Cabot Oil & Gas - Cabot Eagle Ford Assets
$765M (2018-03-19)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

9,051   163% 2022
3,449   136% 2021
1,467   29% 2020
2,066   6% 2019
2,188   25% 2018
1,764   53% 2017
1,156   15% 2016
1,357   38% 2015
2,173   25% 2014
1,746   46% 2013
1,204   2012
(millions of USD) Show More Show Less

Employees

981

Established

1989

Public

NYSE: CTRA

Former Name

Cabot Oil & Gas Corp.

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