Coterra Energy Inc. (CTRA) Goldman Sachs Energy, CleanTech & Utilities Conference January 6, 2026 3:00 PM EST
Company Participants
Shannon Young – Executive VP & CFO
Corey Douglas Code
Conference Call Participants
Neil Mehta – Goldman Sachs Group, Inc., Research Division
Presentation
Neil Mehta
Goldman Sachs Group, Inc., Research Division
All right. Wonderful. Thanks, everyone, for being here. We’ve got an all-star panel here to talk about the diversified shale E&P business model Corterra, Devon, Ovintiv and Northern Oil and Gas. Thank you all for being here in Sunny Florida, and so much to talk about across the ecosystem. So I want to spend some time on the macro, then each of you guys have had some important capital projects. I want to unpack that and then get to whatever is on your mind as well.
And so one of the debates that we’ve heard around the conference is the idea of being pure play versus being diversified. And there were some at our special forum last night or even this morning who argue there’s a lot of advantage to being concentrated in one basin. Each of you have had a slightly different business model where you have argued that there’s advantage to having a portfolio. So maybe we start with you, Shane, and talk about the benefits of operating a diversified upstream portfolio. And — and how do you think the — what’s needed to get the market to better appreciate operating in multiple basis?
Question-and-Answer Session
Shannon Young
Executive VP & CFO
Yes. Well, thank you. First of all, Happy New Year, and everybody up here, and thank you for having us at the conference again this year. Look, it’s a great question. It’s one we think about quite a bit at the management level. It’s one that we review and talk about with the Board on a
