XML 53 R43.htm IDEA: XBRL DOCUMENT v3.25.3
Acquisitions - Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ / shares in Units, $ in Millions
Jan. 27, 2025
Jan. 17, 2025
Dec. 31, 2024
Franklin Mountain Energy      
Consideration:      
Coterra common stock issued in exchange for FME equity interests (in shares) 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    
Cash consideration 1,733    
Total consideration 2,518    
Assets acquired:      
Current assets 178    
Proved oil and gas properties 1,833    
Unproved oil and gas properties 590    
Gathering and pipeline systems 172    
Other assets 6    
Total assets acquired 2,779    
Liabilities assumed:      
Current liabilities 239    
Asset retirement obligations 13    
Other liabilities 9    
Total liabilities assumed 261    
Net assets acquired $ 2,518    
Restricted cash     $ 123
Avant      
Consideration:      
Cash consideration   $ 1,518  
Total consideration   1,518  
Assets acquired:      
Current assets   34  
Proved oil and gas properties   640  
Unproved oil and gas properties   696  
Gathering and pipeline systems   161  
Other assets   1  
Total assets acquired   1,532  
Liabilities assumed:      
Current liabilities   3  
Asset retirement obligations   6  
Other liabilities   5  
Total liabilities assumed   14  
Net assets acquired   $ 1,518  
Restricted cash     $ 109