Specialized Disclosure Report (Form SD)

COTERRA ENERGY INC.

Disclosure of Payments by Resource Extraction Issuer

For the fiscal year ended December 31, 2024

Resource Extraction Payment Report

Coterra Energy Inc. (the "Company") has prepared the following consolidated report (the "Report") on payments for the purpose of commercial development of oil, natural gas and natural gas liquids ("NGLs") in accordance with Rule 13q-1 (17 CFR 240.13q-1) under the Securities Exchange Act of 1934, as amended, and Form SD (the "Rule").

Payments

In accordance with the Rule, payments are reported on a cash basis according to the year in which the payment was made (rather than on an accrual basis). Any refunds are also reported according to the year in which they were received by the Company. Payments made as a single payment or as part of a series of related payments within the fiscal year exceeding $100,000 are included in this Report.

Payments made to the U.S. Government (as defined below) in connection with joint ventures are included in this Report to the extent that the Company made the relevant payment. Such payments are reported in full, whether made in the Company's sole capacity or in the Company's capacity as the operator of a joint venture. Where the Company is a partner in a joint venture and the role of operator is performed by a joint venture partner, meaning the Company has the role of non-operator, payments made to the U.S. Government by the partner entity are not included in this Report.

Currency

All payments are reported in U.S. dollars.

Government-level payments

As used herein, the term "U.S. Government" means the Federal Government of the Unites States of America, and includes all departments and agencies that are subsidiary undertakings which are controlled by such authority, such as interstate entities. For the purposes of this Report, the Company has disclosed payments to the U.S. Government by each agency or department paid.

Project-level payments

For the purposes of this Report, the Company has disclosed payments to the U.S. Government by state jurisdiction, which includes New Mexico, Oklahoma, Pennsylvania, and Texas. The resources being extracted are oil, natural gas and NGLs, all with the extraction method by well. Obligations levied at the entity level rather than on a particular project, such as corporate income taxes, are disclosed as entity level (United States - Corporate) payments.

Other considerations

The payments shown in this Report are reported in thousands of dollars. Due to rounding, some totals in the following tables may not agree exactly with the sum of their component parts.

Payment Overview

The tables below show the relevant payments made by the Company to the U.S. Government during the fiscal year ended December 31, 2024, by payment type.

Of the eight payment types required by the Rule, relevant payments include taxes, royalties, and fees. The Company did not pay any relevant production entitlements, bonuses, dividends, payments for infrastructure improvements, or community and social responsibility payments that were required by law or contract.

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2024 GOVERNMENT-LEVEL PAYMENTS

United States

(In thousands)
AGENCY/DEPARTMENT			Taxes			Royalties			Fees			Total
Bureau of Land Management			$	-		$	-		$	459		$	459
Susquehanna River Basin Commission			-			-			547			547
U.S. Department of the Interior - Office of Natural Resources Revenue			-			301,237			326,702			627,939
U.S. Department of the Treasury - Internal Revenue Service			309,013			-			-			309,013
Total			$	309,013		$	301,237		$	327,708		$	937,958

2024 PROJECT-LEVEL PAYMENTS

United States

(In thousands)
PROJECT			Taxes			Royalties			Fees			Total
New Mexico			$	-		$	296,975		$	10,070		$	307,045
Oklahoma			-			4,262			317,067			321,329
Pennsylvania			-			-			547			547
Texas			-			-			24			24
United States (Corporate)			309,013			-			-			309,013
Total			$	309,013		$	301,237		$	327,708		$	937,958

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2024 PAYMENT DETAILS DISCLOSURE

United States

(In thousands)

Payment

Agency/Department

Project

Resource

Extraction Method

Type

Amount

1

Bureau of Land Management

New Mexico

Oil, natural gas and NGLs

Well

Fees

$

435

2

Bureau of Land Management

Texas

Oil, natural gas and NGLs

Well

Fees

24

3

Susquehanna River Basin Commission

Pennsylvania

Natural gas

Well

Fees

547

4

U.S. Department of the Interior - Office of Natural Resources Revenue

New Mexico

Oil, natural gas and NGLs

Well

Fees

9,635

5

U.S. Department of the Interior - Office of Natural Resources Revenue

Oklahoma

Oil, natural gas and NGLs

Well

Fees

317,067

6

U.S. Department of the Interior - Office of Natural Resources Revenue

New Mexico

Oil, natural gas and NGLs

Well

Royalties

296,975

7

U.S. Department of the Interior - Office of Natural Resources Revenue

Oklahoma

Oil, natural gas and NGLs

Well

Royalties

4,262

8

U.S. Department of the Treasury - Internal Revenue Service

United States (Corporate)

Oil, natural gas and NGLs

Well

Taxes

309,013

Total

$

937,958

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