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The chart shows Coterra Energy’s Production Volume Breakdown, split across NGL (MMBbl), NGLs (Mbbl), Natural gas (Bcf), Oil (mmbbl) and Oil (Mbbl) product categories.
|Product Category||2023 Q1||Contribution|
|Natural gas (Bcf)||248.1||94.0%|
Coterra Energy revealed their production numbers for various goods during the first quarter of 2023. The firm is involved in the NGL (Natural Gas Liquids), Natural Gas, and Oil industries. Let us take a deeper look at each product category’s production volumes:
NGL (MMBbl): The company registered 7.5 million barrels of NGL output, accounting for roughly 2.8% of total production. Natural gas liquids are important resources in the energy market and are employed in a variety of industrial applications.
NGLs (Mbbl): During the first quarter, there was no recorded production volume for this specific category.
Natural Gas (Bcf): Coterra Energy achieved a substantial production volume of 248.1 billion cubic feet of natural gas, accounting for an impressive 94.0% of the total production. Natural gas is a widely used energy source for power generation, heating, and industrial processes.
Oil (mmbbl): The company produced 8.3 million barrels of oil, accounting for around 3.1% of total output. Oil is still a vital commodity in the global energy sector, providing as a key source of transportation, lubricants, and a variety of petrochemical goods.
Oil (Mbbl): During the first quarter, there was no recorded production volume for this oil category.
These volume data reflect Coterra Energy’s diverse portfolio and dedication to extracting and distributing numerous energy resources in order to fulfil market demand. Natural gas production’s large contribution demonstrates the company’s commitment on utilising this plentiful and cleaner-burning energy source. Furthermore, the production of NGLs and oil exemplifies Coterra Energy’s attempts to capitalise on various parts of the energy industry. Coterra Energy positions itself as a prominent actor in the energy market by proactively controlling its production volumes across numerous products, contributing to both domestic and global energy supply. The company’s output numbers demonstrate its dedication to operational excellence, resource optimisation, and addressing the changing energy demands of consumers and industries throughout the world.
About Coterra Energy’s Inc:
Coterra Energy, Inc. is a natural gas, natural gas liquids (NGLs), and oil resource exploration, production, and development firm. Through efficient operations, smart investments, and careful resource management, the corporation aims to maximise the value of its assets. Coterra Energy is well-known for its diversified array of energy assets and dedication to environmentally friendly energy generation. The company’s activities cover many locations, allowing it to capitalise on the potential of numerous resource plays and optimise its production capacities.
Overall, Coterra Energy is recognised as a trustworthy and forward-thinking energy firm committed to maximising the value of its energy assets, embracing innovation, and contributing to the global energy environment. Coterra Energy continues to make important contributions to the energy industry while addressing the increasing energy demands of communities and businesses, with a focus on responsible resource development and a dedication to operational excellence.
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