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    Douglas George Blyth Leggate

    Research Analyst at Bank of America

    Douglas George Blyth Leggate is Managing Director and Head of US Oil & Gas Equity Research at Bank of America Merrill Lynch, specializing in covering major oil and gas companies such as Valero Energy and Cabot Oil & Gas. As a highly regarded analyst, he leads sector coverage for top North American oil and gas producers, refining giants, and integrated energy conglomerates, delivering widely followed industry insights and investment recommendations. With over four years at Bank of America and an established presence in equity research, Leggate has built a reputation for depth of knowledge and rigorous analysis, having previously held senior research positions in the energy sector. He holds the credentials and securities licenses required for his research leadership roles at a major investment bank.

    Douglas George Blyth Leggate's questions to Coterra Energy (CTRA) leadership

    Douglas George Blyth Leggate's questions to Coterra Energy (CTRA) leadership • Q1 2025

    Question

    Douglas George Blyth Leggate from Bank of America inquired about the Harkey shale operational issue, asking for clarification on its nature, its impact on long-term inventory depth, and how the resulting change in activity affects the company's previously stated three-year growth plan.

    Answer

    Chairman, CEO and President Thomas Jorden stated the issue is a localized, solvable mechanical problem related to cementing, not a reservoir or inventory issue, and affirmed the three-year plan remains intact. SVP of Operations Blake Sirgo added that while surprising, the issue is not ubiquitous, and the team is deploying various solutions to fix it and move forward.

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