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Thomas E. Jorden

Chairman, CEO, and President at Coterra Energy
Board
Since October 2021
Age
67 years
Tenure
Joined in October 2021 via the merger with Cimarex as CEO and President and was promoted to Chairman in November 2022.

Also at Coterra Energy

AV
Adam Vela
SVP and General Counsel
AMA
Andrea M. Alexander
SVP and Chief Human Resources Officer
BAS
Blake A. Sirgo
SVP—Operations

About

Thomas E. Jorden has dedicated his career to the energy sector, starting with early roles at Union Pacific Resources and Superior Oil Company before moving on to senior positions in exploration and leadership. His professional journey reflects decades of expertise and commitment to driving operational excellence in the industry.

In 1993, he began his ascent by joining Key Production Company, where he served as Chief Geophysicist and later as Executive Vice President of Exploration. His career developed further at Cimarex Energy, where from 2011 he held the roles of Chief Executive Officer and President, and then became Chairman of the Board in 2012. These positions underscored his capability in strategic planning and executive management.

Following a pivotal merger with Cimarex in October 2021, he assumed the role of CEO and President at Coterra Energy, subsequently being promoted to Chairman in November 2022. This tenure marks a significant phase of his career at Coterra, where his leadership continues to shape the company’s vision and operational strategies.

$CTRA Performance Under Thomas E. Jorden

Past Roles

OrganizationRoleDate RangeDetails
Cimarex Energy Co.Chairman of the Board2012–2021Served as Chairman of the Board of Directors at Cimarex
Cimarex Energy Co.Chief Executive Officer and President2011–2021Served as CEO and President at Cimarex Energy Co.
Cimarex Energy Co.Executive Vice President of Exploration2003–2011Began as Executive VP of Exploration when Cimarex was formed
Cimarex Energy Co.Vice President of Exploration2002–2003Held the role of Vice President of Exploration
Key Production Company, Inc.Executive Vice President of ExplorationN/AHeld leadership roles prior to Cimarex’s formation in 2002
Key Production Company, Inc.Chief Geophysicist1993–N/AJoined as Chief Geophysicist in 1993
Union Pacific ResourcesUnspecified RoleN/AHeld unspecified roles
Superior Oil CompanyUnspecified RoleN/AHeld unspecified roles

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary $1,125,000Regular (annual)Fixed base salary for 2023
Deferred Compensation - Executive Contributions $112,500Regular contributionsPart of the deferred compensation plan for 2023
Deferred Compensation - Registrant Contributions $229,200Regular contributionsPart of the deferred compensation plan for 2023
Payout of Deferred Compensation Upon Termination $575,883Upon termination under specified conditionsPaid if terminated under conditions such as involuntary not-for-cause termination, good reason resignation, change in control, disability, or death
Health, Life, and Welfare Benefits Continuation Upon Termination $225,324Upon termination under specified conditionsBenefits continuation upon termination under specified conditions
Earned Vacation Upon Termination $46,249Upon termination under specified conditionsEarned vacation payout if termination conditions are met

Performance Compensation

Data from  FY 2023

Annual Cash Incentive Awards

Performance MetricWeightThresholdTargetMaximumActual ResultAdditional Details
Economic Performance (PVI-10) 45%N/A1.50N/A1.65Driven by strong returns in the Permian Basin
Annual Production Guidance 20%N/AUpper end stretch goal of 648 MBOE/DayN/AExceeded targetAchieved through operational efficiencies and strong well performance
Annual Budget Guidance 20%N/A$2,100MMN/AIn lineSavings offset by additional operational costs
Greenhouse Gas Intensity 5%N/AN/AN/AExceeded targetImproved performance due to electric compressor installations
Methane Intensity 5%N/AN/AN/AExceeded targetImproved performance due to instrument air installations
Flare Intensity 5%N/AN/AN/AExceeded targetImproved flare management practices

Grant Date: February 21, 2023

Overall Achievement: 148% of target

Vesting Schedule: Not explicitly detailed for the cash incentive awards.