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Coterra Energy Increases FY24 BOE Production Guidance By 1% And Oil Production Guidance By 2.4% From Guidance Provided In May

Author: Benzinga Newsdesk | August 01, 2024 04:43pm
  • Reiterated 2024 incurred capital expenditures (non-GAAP) of $1.75 to $1.95 billion.
  • Increased 2024 oil production guidance to 105.5 to 108.5 MBopd, up 2.4% at the mid-point versus prior guidance.
  • Announced third-quarter 2024 total equivalent production of 620 to 650 MBoepd, oil production of 107.0 to 111.0 MBopd, natural gas production of 2,500 to 2,630 MMcfpd, and incurred capital expenditures (non-GAAP) of $450 to $530 million.

Posted In: CTRA


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