Coterra also holds Permian Basin properties with approximately 306,000 net acres and Anadarko Basin properties located in Oklahoma with approximately 182,000 net acres. In addition, it operates natural gas and saltwater disposal gathering systems in Texas. The company sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, major energy companies, pipeline companies and power generation facilities.
As of December 31, 2021, it had proved reserves of approximately 2,892,582 thousand barrels of oil equivalent, which include 189,429 thousand barrels of oil and other liquid hydrocarbons, 14,895 billion cubic feet of natural gas and 220,615 thousand barrels of NGLs.
Shareholders receive a 9.83% dividend. Mizuho has a $41 target price on Coterra Energy stock. The consensus target is $31.71, and shares closed on Friday at $25.33.
EQT
This is the largest natural gas producer in the Appalachian Basin. EQT Corp. (NYSE: EQT) operates as a natural gas production company in the United States. It also produces NGLs and crude oil. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.
With more than 128 years of experience, EQT continues to be a leader in the use of advanced horizontal drilling technology. This technology is designed to minimize the potential impact of drilling-related activities and reduce the overall environmental footprint.
Investors receive a 1.81% dividend. The Goldman Sachs price target is $44, while EQT stock has a consensus target of $51.86. Shares closed at $32.93 on Friday.
Kinder Morgan
This is one of the largest natural gas infrastructure companies in the world. Kinder Morgan Inc. (NYSE: KMI) operates through the following segments.
The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipelines and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; NGLs fractionation facilities and transportation systems; and LNG liquefaction and storage facilities.
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