Coterra Energy (Cabot O&G)

BKV/Banpu | Bradford County | Clinton County | Coterra Energy (Cabot O&G) | Energy Companies | EXCO Resources | Expand Energy | Industrywide Issues | Lycoming County | McKean County | Pennsylvania | Pennsylvania General Energy | Regulation | Sullivan County | Susquehanna County | Tioga County (PA) | Wyoming County (PA) | XTO

SRBC Approved 34 Shale Gas Well Pad Water Use Permits in May
June 29, 2026June 29, 2026

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its dysfunctional and irresponsible counterpart, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use requests for responsible, safe shale drilling. The SRBC published a notice in the June 27th Pennsylvania Bulletin that the SRBC approved and/or renewed 34 general water use permits in May for individual shale gas well drilling pads in Bradford, Clinton, Lycoming, McKean, Sullivan, Susquehanna, Tioga, and Wyoming counties. Read More “SRBC Approved 34 Shale Gas Well Pad Water Use Permits in May”
Coterra Energy (Cabot O&G) | Devon Energy | Energy Companies

Devon Swaps Old Coterra Debt for New Debt in Financial Housekeeping
June 9, 2026June 9, 2026

In February, MDN brought you the big news that Devon Energy is buying out and merging with Coterra Energy, paying $21.4 billion in Devon stock (see Devon Energy Buying Coterra Energy for $21.4B in All-Stock Merger). The merger closed on May 7 (see Devon and Coterra Complete Merger, Launches $8B Buyback Program). Immediately after the merger was official, the new board of directors approved a plan to spend $8 billion by June 2029 to repurchase (buy back) shares of stock. And now Devon is pushing to clean up Coterra’s outstanding debt. Read More “Devon Swaps Old Coterra Debt for New Debt in Financial Housekeeping”
Blackhill Energy | Bradford County | Cameron County | Coterra Energy (Cabot O&G) | Diversified Energy | Energy Companies | EOG Resources | EQT Corp | EXCO Resources | Expand Energy | Industrywide Issues | Lycoming County | Pennsylvania | Range Resources Corp | Regulation | Repsol | Seneca Resources | Sullivan County | Susquehanna County | Tioga County (PA) | Wyoming County (PA)

SRBC Approved 33 Shale Gas Well Pad Water Use Permits in April
May 27, 2026May 27, 2026

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its dysfunctional and irresponsible counterpart, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use requests for responsible, safe shale drilling. The SRBC published a notice in the May 23rd Pennsylvania Bulletin that the SRBC approved and/or renewed 33 general water use permits in April for individual shale gas well drilling pads in Bradford, Cameron, Lycoming, Sullivan, Susquehanna, Tioga, and Wyoming counties. Read More “SRBC Approved 33 Shale Gas Well Pad Water Use Permits in April”
Coterra Energy (Cabot O&G) | Devon Energy | Energy Companies | Expand Energy | Industrywide Issues | Pennsylvania | Regulation | Susquehanna County

2 Water Pipes (and Fracking) Coming to Susq. County’s Auburn Twp
May 18, 2026May 18, 2026

If you live in Auburn Township in Susquehanna County, Pennsylvania, it’s a pretty safe bet that either there is or soon will be shale well drilling going on near you. The PA Department of Environmental Protection (DEP) published notice in the May 16 Pennsylvania Bulletin announcing it has issued a permit for one aboveground water pipeline for one driller and is seeking comments on a request for a second aboveground water pipeline for a second driller, both in Auburn Township. Read More “2 Water Pipes (and Fracking) Coming to Susq. County’s Auburn Twp”
Coterra Energy (Cabot O&G) | Devon Energy | Energy Companies | Industrywide Issues | M&A

Devon and Coterra Complete Merger, Launches $8B Buyback Program
May 8, 2026May 8, 2026

In February, MDN brought you the big news that Devon Energy is buying out and merging with Coterra Energy, paying $21.4 billion in Devon stock (see Devon Energy Buying Coterra Energy for $21.4B in All-Stock Merger). On Monday of this week, shareholders from both companies voted overwhelmingly to approve the merger, the last remaining hurdle (see Devon and Coterra Shareholders Approve Merger; Happening May 7). Yesterday, the deed was done. Immediately after the merger was official, the new board of directors approved a plan to spend $8 billion by June 2029 to repurchase (buy back) shares of stock. Read More “Devon and Coterra Complete Merger, Launches $8B Buyback Program”
Coterra Energy (Cabot O&G) | Devon Energy | Energy Companies | Industrywide Issues | M&A

Devon and Coterra Shareholders Approve Merger; Happening May 7
May 5, 2026May 5, 2026

Devon Energy and Coterra Energy shareholders have approved all proposals needed to complete the companies’ previously announced all-stock merger, which is expected to consummate on May 7, 2026. More than 98% of the votes cast by Devon shareholders and more than 99% by Coterra shareholders supported the deal. Executives said the merger will create a larger shale operator with complementary assets, improved scale, enhanced margins, free cash flow growth, and stronger shareholder returns. Read More “Devon and Coterra Shareholders Approve Merger; Happening May 7”
Coterra Energy (Cabot O&G) | Devon Energy | Energy Companies | Industrywide Issues | M&A

Kimmeridge Hints Devon Energy Needs to Sell M-U After Coterra Merger
April 29, 2026April 29, 2026

In February, MDN brought you the big news that Devon Energy is buying out and merging with Coterra Energy, paying $21.4 billion in Devon stock (see Devon Energy Buying Coterra Energy for $21.4B in All-Stock Merger). That merger is set to happen next Monday, May 4th. One of the reasons (perhaps THE reason) why Coterra is merging was pressure from “activist” investor Kimmeridge, which launched a public campaign last November to force Coterra to split the company, to sell off its Marcellus (and Anadarko) assets, and focus 100% on oil drilling in the Permian (see Activist Investor Declares Coterra Merger Failed – Sell Marcellus). Kimmeridge, which holds approximately 1% of Coterra’s stock and 1.4% of Devon Energy’s stock, published an open letter to Devon yesterday. Read More “Kimmeridge Hints Devon Energy Needs to Sell M-U After Coterra Merger”
BKV/Banpu | Bradford County | Clinton County | Coterra Energy (Cabot O&G) | Diversified Energy | Elk County | Energy Companies | Expand Energy | Industrywide Issues | Lycoming County | Pennsylvania | Regulation | Repsol | S.T.L. Resources | Seneca Resources | Sullivan County | Susquehanna County | Tioga County (PA) | VEC Energy | Wyoming County (PA)

SRBC Approved 46 Shale Gas Well Pad Water Use Permits in March
April 27, 2026May 27, 2026

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its dysfunctional and irresponsible counterpart, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use requests for responsible, safe shale drilling. The SRBC published a notice in the April 25th Pennsylvania Bulletin that the Executive Director of the SRBC approved and/or renewed 46 general water use permits in March for individual shale gas well drilling pads in Bradford, Clinton, Elk, Lycoming, Sullivan, Susquehanna, Tioga, and Wyoming counties. Read More “SRBC Approved 46 Shale Gas Well Pad Water Use Permits in March”
Accidents | Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | Pennsylvania | Susquehanna County

Coterra “Software Glitch” Releases Up to 700K Gal. of Freshwater
April 20, 2026April 20, 2026

On April 5 (Easter Sunday), Coterra Energy reported that approximately 400,000 to 704,000 gallons of freshwater were released from an impoundment at the Brooks shale gas well pad in Susquehanna County, Pennsylvania. The release began at 8:02 a.m. when all six stanchion valves opened simultaneously, flowing by gravity into a pasture and reaching Meshoppen Creek before being discovered by a landowner’s relative that evening. Coterra attributed the incident to a corrupted software configuration file, which also prevented remote valve closure and disabled electronic notifications. Read More “Coterra “Software Glitch” Releases Up to 700K Gal. of Freshwater”
AI | Coterra Energy (Cabot O&G) | Devon Energy | Energy Companies | Industrywide Issues | M&A

Devon-Coterra Merger Marks End of Shale 2.0, Start of Shale 3.0
April 10, 2026April 10, 2026

On February 2, 2026, Devon Energy and Coterra Energy announced a landmark $58 billion all-stock merger, creating a “Super-Independent” energy producer targeting the AI-driven surge in power demand (see Devon Energy Buying Coterra Energy for $21.4B in All-Stock Merger). The deal combines Devon’s Permian Basin oil operations with Coterra’s dominance in the Marcellus Shale, yielding pro forma production of 1.6 million Boe/d (barrels of oil equivalent per day), including 4.3 Bcf/d (billion cubic feet per day) of natural gas. The merger strategically positions the new Devon to supply direct, fixed-price gas contracts to tech hyperscalers like Microsoft, Meta, and Google, signaling a historic convergence of the shale energy and artificial intelligence industries. Read More “Devon-Coterra Merger Marks End of Shale 2.0, Start of Shale 3.0”
Coterra Energy (Cabot O&G) | Devon Energy | Energy Companies | Industrywide Issues | M&A | Regulation

DOJ Working from Outdated Info in Evaluating Devon/Coterra Merger
March 2, 2026March 2, 2026

The proposed $58 billion merger between Devon Energy and Coterra Energy is under scrutiny by the U.S. Department of Justice (DOJ) over “shale market dominance.” The key problem is: how does the DOJ define a “market” that may be dominated? What, exactly, is a market? Critics argue that the DOJ’s narrow market definitions—mirrored in its antitrust case against Visa—ignore broader competitive realities and existing regulations, such as the Durbin Amendment. While the Devon/Coterra merger increases shale concentration, natural gas remains a singular, competitive (much broader) market regardless of extraction methods. By applying outdated antitrust frameworks, the government risks stifling innovation and weakening companies’ ability to compete globally. Ultimately, rational policy must reflect modern market dynamics to avoid economic stagnation and the fragmentation of viable industries. So says author (and lawyer) Daniel Markind. Read More “DOJ Working from Outdated Info in Evaluating Devon/Coterra Merger”
Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Susquehanna County

Coterra 4Q: Marcellus Drilling Picks Up as Production Drops
February 27, 2026February 27, 2026

Coterra Energy issued its fourth quarter and full-year 2025 update yesterday. For this latest update, there was no earnings conference call with analysts due to the impending merger of Coterra into Devon Energy. Companies don’t want to face questions about the merger or risk screwing it up, so they keep mum. Can’t blame them. What we noticed about Coterra’s 4Q update is that the company continues to treat its Marcellus gas production as a cash cow to fund oil drilling in the Permian Basin. Even so, we were encouraged to see an increase in the number of new wells drilled in 4Q and for full-year 2025, although Marcellus production slipped in 4Q and for full-year 2025 relative to 2024. Call it maintenance mode. Read More “Coterra 4Q: Marcellus Drilling Picks Up as Production Drops”
Coterra Energy (Cabot O&G) | Devon Energy | Energy Companies | Industrywide Issues | M&A

Devon and Coterra Name Merger Team Members, Integration Underway
February 27, 2026February 27, 2026

Following the announcement of a $25.35 billion all-stock merger, Devon Energy and Coterra Energy have launched integration planning by naming a dedicated leadership team. Devon CEO Clay Gaspar and Coterra CEO Tom Jorden announced that Trey Lowe (from Devon) and Blake Sirgo (from Coterra) will co-lead the effort, with support from external partner McKinsey & Co. The combined management team includes executives from both firms, with a focus on finance, technology, and human resources. This transition coincides with Devon’s move of its headquarters from Oklahoma City to Houston. Although integration planning has begun, the companies will operate independently until the merger’s expected closing in the second quarter of 2026. Read More “Devon and Coterra Name Merger Team Members, Integration Underway”
Antero Resources | Arsenal Resources | Ascent Resources | Butler County | Coterra Energy (Cabot O&G) | Doddridge County | Energy Companies | Guernsey County | Harrison County | Harrison County | HG Energy | Indiana County | INR/Infinity Natural Resources | JKLM Energy | Lewis County | Ohio | PennEnergy Resources | Pennsylvania | Ritchie County | Susquehanna County | Tioga County (PA) | Weekly Permits | West Virginia

43 New Shale Well Permits Issued for PA-OH-WV Feb 9 – 15
February 20, 2026February 20, 2026

The Marcellus/Utica region received a combined 43 new drilling permits last week, Feb. 9 – 15, up 19 from the permits issued two weeks ago. The most recent high in permits (going back at least a year) occurred during the first week of December, when 60 new permits were issued (see 60 New Shale Well Permits Issued for PA-OH-WV Dec 1 – 7). A week with 43 permits is also significant, indicating an increase in drilling activity. Pennsylvania issued 25 new permits, Ohio issued 7, and West Virginia issued 11. The drillers receiving new permits last week included: Antero Resources, Arsenal Resources, Ascent Resources, Coterra Energy, HG Energy, Infinity Natural Resources, JKLM Energy, and PennEnergy Resources. Read More “43 New Shale Well Permits Issued for PA-OH-WV Feb 9 – 15”
BKV/Banpu | Blackhill Energy | Bradford County | Clearfield County | Clinton County | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | EXCO Resources | Expand Energy | Formentera Operating | Frontier Natural Resources | Industrywide Issues | Lycoming County | Pennsylvania | Pennsylvania General Energy | Range Resources Corp | Regulation | Repsol | Seneca Resources | Sullivan County | Susquehanna County | Tioga County (PA) | Wyoming County (PA) | XPR Resources | XTO

SRBC Approved 74 Shale Gas Well Pad Water Use Permits in Dec & Jan
February 9, 2026February 9, 2026

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its highly dysfunctional and irresponsible counterpart, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use requests for responsible and safe shale drilling. The SRBC published a notice in the February 7 Pennsylvania Bulletin that the Executive Director of the SRBC approved and/or renewed 42 general water use permits in December and 32 general permits in January (74 combined) for individual shale gas well drilling pads in Bradford, Clearfield, Clinton, Lycoming, Sullivan, Susquehanna, Tioga, and Wyoming counties. Read More “SRBC Approved 74 Shale Gas Well Pad Water Use Permits in Dec & Jan”
Clean Energy E&P | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Greene County (PA) | Pennsylvania | Susquehanna County | Tioga County (PA) | Weekly Permits | West Virginia | Westmoreland County | Wetzel County

22 New Shale Well Permits Issued for PA-OH-WV Jan 26 – Feb 1
February 6, 2026February 6, 2026

The Marcellus/Utica region received a combined 22 new drilling permits last week, Jan. 26 – Feb. 1, up significantly from the 10 issued two weeks ago. Pennsylvania issued 15 new permits; Ohio issued none; and West Virginia issued 7. The drillers receiving new permits last week included: Clean Energy Exploration & Production, CNX Resources, Coterra Energy, and EQT. Read More “22 New Shale Well Permits Issued for PA-OH-WV Jan 26 – Feb 1”