Coterra Energy to acquire Franklin Mountain Energy and Avant Natural Resources for $3.95bn.

Coterra Energy, a company engaged in hydrocarbon exploration, agreed to acquire Franklin Mountain Energy, a CO based company focused on investments & operations in the upstream and midstream sectors of O&G, and Avant Natural Resources, a privately funded oil and gas company, for $3.95bn. “We are thrilled to announce the pending acquisition of two high-quality Permian Basin asset packages. These highly accretive acquisitions create an expanded core area in New Mexico that plays to Coterra’s organizational strengths. In addition to adding significant oil volumes in 2025, the acquired assets provide inventory upside to established and emerging oil-weighted formations,” Tom Jorden, Coterra Chairman, CEO, and President.