Marcellus’ cheaper drilling, operating costs helping offset anemic pricing: Coterra CEO

Low operating costs in the Marcellus Shale have insulated Coterra Energy from the worst of what’s been a challenging 2023 price environment for in-basin operators, CEO Tom Jorden said in an interview. “Our asset in Northeast Pennsylvania is dry gas, very low cost of supply, so even in current pricing, it gives very nice margins and very good profits. It’s… Low operating costs in the Marcellus Shale have insulated Coterra Energy from the worst of what’s been a challenging 2023 price environment for in-basin operators, CEO Tom Jorden said in an interview. “Our asset in Northeast Pennsylvania is dry gas, very low cost of supply, so even in current pricing, it gives very nice margins and very good profits. It’s… Read More