M&A Deal Summary

Coterra Energy Acquires Cody Energy

On June 21, 2001, Coterra Energy acquired oil/gas exploration company Cody Energy for 230M USD

Acquisition Highlights
  • This is Coterra Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Coterra Energy’s largest (disclosed) transaction.
  • This is Coterra Energy’s 1st transaction in the United States.
  • This is Coterra Energy’s 1st transaction in Colorado.

M&A Deal Summary

Date 2001-06-21
Target Cody Energy
Sector Oil/Gas Exploration
Buyer(s) Coterra Energy
Deal Type Add-on Acquisition
Deal Value 230M USD

Target

Cody Energy

Denver, Colorado, United States
Cody is based in Denver, Colorado and has exploration and production reserves in Texas and Louisiana.

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Buyer(S) 1

Buyer

Coterra Energy

Houston, Texas, United States

Category Company
Founded 1989
Sector Oil/Gas Exploration
Employees894
Revenue 5.9B USD (2023)
DESCRIPTION
Cabot Oil & Gas' corporate headquarters in Houston, Texas.
Cabot Oil & Gas' corporate headquarters in Houston, Texas.

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.


DEAL STATS #
Overall 1 of 3
Sector (Oil/Gas Exploration) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (Colorado) 1 of 3
Country (United States) 1 of 3
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-10 Enduring Resources

Denver, Colorado, United States

Enduring Resources LLC acquires, exploits, explores for and develops natural gas and oil in the Rocky Mountain and Mid-Continent regions of the U.S.

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