XML 55 R43.htm IDEA: XBRL DOCUMENT v3.25.1
Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ / shares in Units, $ in Millions
1 Months Ended 2 Months Ended 3 Months Ended
Jan. 27, 2025
Jan. 17, 2025
Jan. 31, 2025
Mar. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Franklin Mountain Energy            
Consideration:            
Coterra common stock issued in exchange for FME equity interests (in shares) 28,190,682   28,190,682      
Coterra common stock closing price on January 27, 2025 (in dollar per share) $ 27.83          
Total value of Coterra common stock issued $ 785   $ 785      
Cash consideration     1,700 $ 1,735    
Total consideration 2,520   $ 2,500      
Assets acquired:            
Current assets 160          
Proved oil and gas properties 1,842          
Unproved oil and gas properties 583          
Gathering and pipeline systems 172          
Other assets 6          
Total assets acquired 2,763          
Liabilities assumed:            
Current liabilities 221          
Asset retirement obligation 13          
Other liabilities 9          
Total liabilities assumed 243          
Net assets acquired $ 2,520          
Restricted cash           $ 107
Consideration transferred, cash         $ 18  
Avant            
Consideration:            
Cash consideration   $ 1,513        
Total consideration   1,513        
Assets acquired:            
Current assets   44        
Proved oil and gas properties   668        
Unproved oil and gas properties   670        
Gathering and pipeline systems   161        
Other assets   1        
Total assets acquired   1,544        
Liabilities assumed:            
Current liabilities   20        
Asset retirement obligation   6        
Other liabilities   5        
Total liabilities assumed   31        
Net assets acquired   $ 1,513        
Restricted cash           $ 98
Consideration transferred, cash         $ 11