Coterra Energy Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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| Item 1.01. | Entry Into a Material Definitive Agreement. |
As previously reported in the Current Report on Form 8-K filed by Coterra Energy Inc., a Delaware corporation (the “Company”), with the Securities and Exchange Commission on November 15, 2024, the Company has entered into a Membership Interest Purchase Agreement (the “FME Purchase Agreement”), dated as of November 12, 2024, by and among Franklin Mountain Energy Holdings, LP, a Delaware limited partnership, Franklin Mountain Energy Holdings 2, LP, a Delaware limited partnership, and Franklin Mountain GP2, LLC, a Texas limited liability company, the Company, Cimarex Energy Co., a Delaware corporation, and, solely in its capacity as Seller Representative (as defined therein), FMEH (collectively, the “Parties”).
On December 28, 2024, the Parties entered into the First Amendment to Membership Interest Purchase Agreement (the “Amendment”) in order to include approximately 1,650 net royalty acres owned by Sandia Minerals, LLC, which were previously Excluded Assets (as defined in the FME Purchase Agreement), in the transactions contemplated by the FME Purchase Agreement and to increase the cash consideration payable thereunder by $43 million. The foregoing description is qualified in its entirety by reference to the full text of the FME Purchase Agreement and the Amendment, which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| COTERRA ENERGY INC. | ||
| Date: December 31, 2024 | By: | /s/ Marcus G. Bolinder |
| Name: | Marcus G. Bolinder | |
| Title: | Corporate Secretary | |