Cabot remains focused on cutting costs Houston-based Cabot Oil & Gas (ticker: COG) reported its second quarter results today, showing that the company continues to focus on cutting costs. Cabot continued to reduce its capital spending in the Marcellus. Cabot reported total per unit costs (including financing) decreased to $2.52 per thousand cubic feet equivalent (Mcfe) in the second quarter,
Operators reducing operating expenses to match price downswing Natural gas production has continued to rise over the last nine years, steadily pushing down the price of natural gas at Henry Hub, and putting increasing pressure on companies’ cash margins. The above chart looks at five companies in the Marcellus, illustrating the downward trend in Henry Hub prices and cash margins
Cabot Oil & Gas (ticker: COG) continued its rise in production volume in its Q1’15 results, reporting production of 171.4 Bcfe in the quarter. The volume represents increases of 15% and 43% compared to Q4’14 and Q1’14, respectively. Total revenues of $464.7 million amounted to net income of $40.2 million, or $0.10 per share. Volumes are expected to be reduced
Cabot Oil & Gas (ticker: COG), a large-cap E&P with operations in the Marcellus and Eagle Ford shales, reported company records for production and net income excluding selected items in its year-end 2014 earnings release. Full-year production in 2014 was 531.8 Bcfe – an increase of 29% compared to 2013, including liquids production of 3,961 MBO – 23% higher than
A natural gas market with intense competition and possible oversupply will not deter Cabot Oil & Gas (ticker: COG) from increasing production volumes by 20% to 30% in 2015, the company said on Friday. Cabot, the second largest producer in the Marcellus Shale, increased production by 3.7% on a quarter-over-quarter basis in its Q3’14 earnings release. The volume is a
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