CEO explains how Coterra manages unpredictable commodity pricing

Coterra CEO Tom Jordan told CNBC’s Jim Cramer on Monday how the oil and gas company deals with unpredictable commodity pricing, emphasizing the “flexibility” of its assets.

“We built Coterra to have flexibility of top tier assets, low cost of supply, but also a team that is nimble, always looking at iterations and ready to pivot,” Jordan said. “We’ve built our service contracts so we don’t have many long term commitments, and that means we can move capital from one basin to another in fairly short order as we did with our recent release.”

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

    Input this code: captcha