As the energy industry evolves and moves into the future, the importance of environmental, social, and governance (ESG) practices among oil and natural gas companies is growing. We recently published our 2022 Sustainability Report, outlining Coterra’s climate, environmental, health, and safety initiatives, community relations, business ethics and transparency, and human capital. As part of our commitment to ESG in our operations, the report highlights metrics and consistent efforts we continue to make to improve our performance. 

In the report’s CEO note, Thomas E. Jorden, Coterra’s Chief Executive Officer & President, shares his insights on the matter. He said, “sustainability means many things to many people. At Coterra, we embrace the environmental, safety, and operational footprint challenges that are reflected within this report. We also embrace the sustainable need for clean, affordable, and accessible energy here at home and around the world. We are in the midst of a seismic shift within the energy policy landscape.”

We stand at a pivotal moment in the future of the energy industry, and our dedication to producing that energy in a sustainable, responsible manner sets the tone for our future operations. We’re pleased to share the report with our stakeholders and we encourage our readers to explore the full report….but in the meantime, here are a few highlights for our readers:

Climate

  • From 2019 to 2021, Coterra reduced its absolute CO2 emissions by approximately 33%
  • In 2021, approximately 50% of the wells drilled in the Permian Basin utilized grid-powered drilling rigs
    • We expect this metric to increase to over 80% in 2022
  • From 2019 to 2021, Coterra achieved an approximate 70% reduction in total flaring intensity

Water Management

  • In 2021, 0% of our water was withdrawn from high/extremely high water-scarcity risk regions
  • In our Marcellus Business Unit operations, we recycle nearly 100% of the water generated by our flowback and production operations
  • For our Permian Basin operations, in 2021, 81% of the water sourced for completions operations was recycled water