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Maroc Maroc - ENERGY PEDIA.COM - 13/Nov 19:12

US: Coterra announces accretive Permian Basin acquisitions

Coterra Energy has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95 billion, consisting of $2.95 billion of cash and $1.0 billion of Coterra common stock, issued to one of the sellers, subject to certain purchase price adjustments.

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