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Coterra Energy Inc
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Q1 2024 Earnings Call Presentation
| Daniel Guffey; Caterina Papadimitropoulos | Page 13 of 11 |
May 19, 2024
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"Q1 2024 Earnings Call Presentation"
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13 Targeting Prolific Wolfcamp & Bone Spring Notable Permian Projects Permian Asset Overview Coterra Acreage Wolfcamp Bone Spring Note: wps = wells per section. Culberson | Mint Julep Row | Wolfcamp | 7.5 wps • 11.4 net (23 gross) wells came online throughout 2023 • Large simul-ops project; production in-line with expectations Culberson | Windham Row | Wolfcamp | 7-10 wps • 25.5 net (51 gross) Wolfcamp wells across 6 DSUs; initial wells expected to come online June 2024 • Also co-developing 1.5 net (3 gross) Harkey wells on Western side of the development; 4 wps • Largest development to date; comes online throughout 2024 • Simul-ops project, including testing of simul-frac on roughly half of the wells Lea | Bone Spring, 4 Landing Zones | 14 wps • 4.6 net (8 gross) wells came online 3Q23 • Multiple Bone Spring landing zones proven economic • Building on success and further delineating with additional 10.3 net (14 gross) wells spud 1Q-2Q24 Culberson | Wolfcamp & Harkey | 9 & 4 wps • 9.0 net (18 gross) wells online 4Q23 • Wolfcamp & Harkey co-development project performing in-line with expectations 1 2 3 4 1 2 4 3