Coterra Energy completed the acquisition of Franklin Mountain Energy and Avant Natural Resources for $3.95bn.

Coterra Energy, a company engaged in hydrocarbon exploration, completed the acquisition of 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. “Through the hard work of Franklin Mountain Energy, Avant Natural Resources, and the Coterra team, we are pleased to have closed the two previously announced acquisitions on schedule. We expect to immediately hit the ground running and, in coordination with our year-end 2024 earnings release in February, we are excited to share our 2025 formal guidance as well as an updated three-year outlook,” Tom Jorden, Coterra Chairman, CEO, and President.