Coterra Energy – 2025 Development Summary
Strategic Focus
Coterra’s 2025 development program emphasizes:
-
Capital discipline
-
Balanced exposure to oil and gas markets
-
Efficient multi-basin operations
-
High-return well inventory utilization
The company plans to maintain capital spending levels flat year-over-year, while continuing to optimize returns across its three core basins: Delaware, Marcellus, and Anadarko.
Capital Expenditure Plan
-
Total capital budget: $1.7–$1.9 billion
-
Flat vs. 2024, reflecting efficiency gains and consistent pricing
-
Majority of capex directed to Delaware Basin (~70%)
-
Continued investment in short-cycle, high-return projects
Costs remain flat to slightly lower versus 2024 due to:
-
Improved drilling/completion cycle times
-
Enhanced vendor management
-
Reduced inflationary pressure in service markets
Program Flexibility
Coterra maintains flexibility to adjust activity:
-
Marcellus and Anadarko programs can ramp up or down based on gas and NGL pricing.
-
Delaware activity is steady, given its oil weighting and capital efficiency.
Additional Highlights
-
FTI (free cash flow yield) expected to remain strong due to disciplined spending.
-
Production guidance reflects a slight increase YoY, particularly in oil-weighted volumes.
-
Operational focus areas:
In Other Exclusives / Features news
STACK & SCOOP News
-
Top Mergers & Acquisitions Deals To Date In Q3 2024
September 02,2024| -
-
Service Companies Talk Bleak Outlook for Remainder of 2024
August 18,2024| -
Mach Divest Western Anadarko Asset For $38 Million
August 14,2024| -
