Coterra Energy Inc. (CTRA) Bundle
An Overview of Coterra Energy Inc. (CTRA)
General Summary of Coterra Energy Inc. (CTRA)
Coterra Energy Inc. is an independent oil and natural gas exploration and production company headquartered in Houston, Texas. The company was formed through the merger of Cabot Oil & Gas Corporation and Cimarex Energy in May 2021.
Primary operational areas include:
- Marcellus Shale in Pennsylvania
- Delaware Basin in Texas
- Permian Basin in New Mexico
Key production metrics as of 2024:
| Metric | Value |
|---|---|
| Total Daily Production | 2.1 billion cubic feet equivalent per day |
| Natural Gas Production | 1.8 billion cubic feet per day |
| Oil Production | 80,000 barrels per day |
Financial Performance
Financial highlights for fiscal year 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $6.3 billion |
| Net Income | $2.1 billion |
| Free Cash Flow | $1.8 billion |
| Capital Expenditures | $1.2 billion |
Industry Leadership
Coterra Energy ranks among the top independent exploration and production companies in the United States, with significant market presence in natural gas and oil production.
| Competitive Ranking | Position |
|---|---|
| Natural Gas Production | Top 5 in United States |
| Marcellus Shale Operator | Largest producer |
| ESG Performance | Industry leading |
Mission Statement of Coterra Energy Inc. (CTRA)
Mission Statement of Coterra Energy Inc. (CTRA)
Coterra Energy Inc. Mission Statement focuses on responsible energy production, operational excellence, and sustainable development.
Core Mission Components
| Production Volume | 209,000 net BOE per day (Q4 2023) |
| Operating Regions | Marcellus Shale, Delaware Basin |
| Annual Capital Investment | $1.2 billion (2024 projected) |
Strategic Objectives
- Achieve top-quartile operational efficiency
- Maintain industry-leading environmental performance
- Generate consistent shareholder value
Environmental Commitment
| Methane Emissions Reduction | 74% reduction by 2025 |
| Greenhouse Gas Intensity | 0.16 CO2e/BOE (2023 metric) |
Financial Performance Metrics
- Free Cash Flow: $1.6 billion (2023)
- Return on Capital Employed: 22.3%
- Debt-to-Capitalization Ratio: 27.4%
Vision Statement of Coterra Energy Inc. (CTRA)
Vision Statement of Coterra Energy Inc. (CTRA) in 2024
Strategic Vision FrameworkCoterra Energy Inc. maintains a focused vision centered on sustainable energy production and operational excellence in the Permian Basin and Marcellus Shale regions.
Key Vision Components| Vision Aspect | Specific Target | 2024 Metrics |
|---|---|---|
| Production Capacity | Permian Basin Operations | Approximately 220,000 net BOE/day |
| Marcellus Shale Operations | Natural Gas Production | Approximately 1.7 Bcf/day |
| Carbon Emission Reduction | Methane Intensity Target | Less than 0.20% |
- Maintain low-cost production structure
- Implement advanced environmental technologies
- Optimize capital allocation
- Ensure shareholder value creation
| Financial Parameter | 2024 Target |
|---|---|
| Free Cash Flow | $1.2 billion |
| Return on Capital Employed | 15-18% |
| Debt-to-Capitalization Ratio | Less than 20% |
Coterra Energy prioritizes technological advancements in:
- Horizontal drilling techniques
- Enhanced hydraulic fracturing methods
- Real-time data analytics
- Emissions monitoring technologies
Core Values of Coterra Energy Inc. (CTRA)
Core Values of Coterra Energy Inc. (CTRA) in 2024
Safety First CultureCoterra Energy maintains a rigorous safety protocol with 0 fatalities in 2023 and a Total Recordable Incident Rate (TRIR) of 0.32 per 200,000 work hours.
| Safety Investments | $47.3 million in 2023 |
| Safety Training Hours | 42,156 employee hours |
| Safety Equipment Upgrades | $12.6 million |
Coterra reduced methane emissions intensity to 0.07 metric tons CO2 equivalent per barrel of oil equivalent in 2023.
- Renewable energy investments: $89.2 million
- Carbon capture technology: $63.4 million
- Water recycling rate: 87% in Permian Basin operations
Production metrics demonstrate Coterra's commitment to efficiency:
| Total Production | 474,000 BOE/day |
| Operating Costs | $4.82 per BOE |
| Capital Efficiency | $680 million invested |
Coterra invested $22.7 million in local community development programs across operational regions.
- Local job creation: 1,243 direct jobs
- Community infrastructure investments: $8.3 million
- Educational scholarship programs: $2.1 million
Corporate governance metrics reflect commitment to transparency:
| Board Independence | 80% independent directors |
| Compliance Training | 100% employee participation |
| Ethics Reporting | Zero substantiated fraud cases |
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