Venado Oil and Gas, LLC and KKR will acquire the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation (ticker: COG) for a purchase price of $765 million. Venado and KKR acquired interests which include approximately 303 gross/203 net wells and 74,400 net acres situated primarily in the Eagle Ford oil window of South Texas (Atascosa, Frio
Cabot Oil & Gas Corporation (ticker: COG) produced 685.3 Bcfe in 2017. The production mix consisted of 655.6 Bcf of natural gas, 4,440.9 Mbbls of crude oil and condensate and 512.1 Mbbls of NGLs. Cabot incurred a total of $757.2 million of capital expenditures in 2017, including $637.2 million of drilling and facilities capital associated with drilling 91 gross (82.5
Cabot Oil & Gas Corporation Breakout Session Questions Scot Schroeder, executive vice president and CFO of Cabot Oil & Gas Corp., (ticker: COG) presented today at EnerCom’s The Oil & Gas Conference® 22. Cabot is a natural gas-focused producer with operations centered in both the Marcellus shale and the Eagle Ford shale. Holding 179,000 net acres and 84,000 net
Cabot Oil and Gas (ticker: COG) is building steadily within its core Marcellus and Eagle Ford assets, through cost reduction in drilling and completions and through the addition of wells in both areas. In its Marcellus play, Cabot expects to drill 60 wells and complete 51 over the course of 2017. This development is on top of an existing 517
Cabot bumps Marcellus EURs 16% Cabot Oil & Gas (ticker: COG) reported its fourth quarter and year-end numbers Friday, posting higher than expected production for the three months ended December 31, 2016. The company produced 1.79 Bcfe/d, about 2% above guidance. Full-year production reached 627.1 Bcfe, consisting of 600.4 Bcf of natural gas, 4,013.1 MBO of crude oil and condensate,
Williams receives final Environmental Impact Statement for the Atlantic Sunrise project Houston-based Cabot Oil & Gas Corp. (ticker: COG) announced Friday that Williams Partners (ticker: WPZ) received its final Environmental Impact Statement (EIS) from the Federal Energy Regulatory Commission (FERC) for its Atlantic Sunrise project. Cabot holds 850,000 MMBtu/d of transportation capacity on the Atlantic Sunrise project. “The issuance of the final
Natural gas production in Pennsylvania increased by 550,937 MMcf in 2015 The production of natural gas continued to climb in Pennsylvania in 2015 despite lower commodities prices, and a decrease in drilling activity. A report from the state’s Department of Environmental Protection found Pennsylvania produced 4.6 trillion cubic feet of natural gas during the year, maintaining its position as the
Cabot Oil & Gas increases CAPEX $20 million for 2016 to add completion crew Houston-based Cabot Oil & Gas (ticker: COG) announced its second quarter earnings today, with the company reporting “modest production growth” and positive free cash flow. Equivalent production grew 10% year-over-year to 151.8 Bcfe, while discretionary cash flow was $97.6 million, according to the company’s press release.
Cabot will present at EnerCom’s The Oil & Gas Conference® 21 on Mon. Aug. 15, 2016 at 10:50 am EST. Cabot Oil & Gas (ticker: COG) is an exploration and production company headquartered in Houston, Texas. Cabot is primarily a natural gas producer that is focused on developing its acreage positions in the Eagle Ford and Marcellus Shale. As of
Cabot will be the exclusive provider for the 1,500 megawatt Lackawanna Energy Center Cabot Oil & Gas (ticker: COG) announced today that the company has signed a 10-year sales agreement to be the exclusive provider of natural gas supplies to Invenergy LLC’s Lackawanna Energy Center power plant. The proposed facility is a natural-gas fueled 1,500 megawatt combined-cycle generating station located
Cabot Oil & Gas announces $62.1 million in cash flow from operations Cabot Oil & Gas equivalent production in the first quarter of 2016 was 160.3 Bcfe, consisting of 153.1 Bcf of natural gas, 1.1 MMBO of crude oil and condensate, and 92 MBO of natural gas liquids (NGLs). Cash flow from operations in the first quarter of 2016 was $62.1
Cabot continues beating estimates amid global glut Many oil and gas companies are struggling to stay afloat as the global oil supply glut continues, pressuring crude oil prices near historic lows. More bankruptcies are expected to come in the next six months as bank redeterminations take their toll on companies with fewer reserves to use as collateral for their credit
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