Coterra amends FME acquisition to add 1,650 royalty acres, boosts cash by $43M

Coterra Energy Inc.

Amendment adds ~1,650 net royalty acres from Sandia Minerals to the Franklin Mountain Energy deal.
Cash consideration increased by $43 million to $1.543 billion; stock consideration unchanged at 40,894,925 shares.
Amendment effective retroactively to November 12, 2024, the original agreement date.
The added assets are located in the Permian Basin, consistent with Coterra's core area focus.

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