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Strategies & Market Trends : Natural Resource Stocks

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From: roguedolphin	8/7/2025 12:00:24 PM
	2 Recommendations of 108570

Coterra Energy (CTRA) barchart.com Deals like this in the Permian Basin will eventually raise natural gas prices in West Texas. From Coterra's August 4 press release: Announcing New Power Sales Agreement in the Permian Coterra is announcing a new power netback gas sale agreement with CPV Basin Ranch Energy Center, a proposed 1,350 megawatt (MW) combined-cycle natural gas power plant designed with the option to include a carbon capture system. The agreement to sell 50 MMcf per day for a seven-year term is expected to start in 2028, and will be indexed to ERCOT West pricing, adding to the Company’s two existing power netback deals in the Marcellus which currently comprise 330 MMcf per day. Coterra has also secured a right to purchase up to 250 MW per day of power from the facility, located in Ward County, Texas. This is the first power netback deal secured by Coterra in the Permian Basin. Coterra will continue to explore ways to further diversify its gas sales portfolio across all three of its operating basins through power, LNG, data centers and other long-term opportunities. For more than a decade I have been telling people that wind mills are a joke and the best solution for distributed power is to build natural gas fired power plants on top of huge natural gas reserves. More reliable and cheaper electricity. Dan Steffens Energy Prospectus Group

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