Coterra acquires Permian assets, boosts production by 60,000-70,000 boe/d

Coterra Energy Inc. has agreed to acquire certain Permian basin assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates. The company said the acquisitions would create an additional oil-weighted focus area in New Mexico, with acreage adjacent to its existing footprint, and add 60,000-70,000 boe/d to its production by 2025.