Oil and gas exploration company Coterra Energy Inc. reports its average sales price of crude oil in the past quarter was a little more than $58 a barrel.
The Houston-based company, in a form 8-K report filed with the Securities and Exchange Commission indicated the average sales price excluding hedges was $58.16 a barrel while its average natural gas sales price was $2.37 Mcf.
With hedges, the average oil sales price was $60.34 per barrel and natural gas was $2.44 Mcf.
Coterra also reported it anticipates recognizing net cash received on settlements of derivative instruments of $57 million.
For the fourth quarter of 2025, Coterra anticipates recognizing net cash received on settlements of derivative instruments of $57 million.
“Realized prices and the related impact of hedges are subject to completion of our financial closing procedures, final adjustments and other developments,” stated the company.