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Coterra Energy Inc
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Q1 2024 Earnings Call Presentation
| Daniel Guffey; Caterina Papadimitropoulos | Page 21 of 11 |
May 18, 2024
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"Q1 2024 Earnings Call Presentation"
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21 Increasingly important basin located near industrial & LNG export demand Anadarko Asset Overview Coterra Acreage Woodford Meramec DOWNDIP Gas & NGL-Weighted UPDIP Oil-Weighted LONEROCK Mixed Gas & Oil Major 2024 Anadarko projects Nearly doubled D&C spend year-over-year, driven by competitive returns on recent projects See appendix for non-GAAP reconciliations and definitions, and other defined terms. Expected online Project name Well count Area Estimated 60-month production mix at 6:1 Came online in April 2024 Gatz 3.9 net (4 gross) Lonerock (Woodford) 2Q24 Marilyn 4.4 net (5 gross) Downdip (Woodford) 3Q24 Maxine 6.7 net (7 gross) Updip (Primarily Woodford, 1 Meramec) oil 5% gas 60% NGL 36% oil 30% gas 35% NGL 34% oil 18% gas 45% NGL 37%