Coterra Energy Inc. has agreed to pay more than $16 million to build a new public water supply system in Dimock, PA, to resolve charges that its predecessor, Cabot Oil and Gas Corp., contaminated residents’ well water over a decade ago during unconventional natural gas development in the area. Coterra, formed in 2021 after Cabot…
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NGI The Weekly Gas Market Report
Constitution Pipeline Finally Scrapped as NatGas Prices Tank and Opposition Pushes Up Costs
The Constitution Pipeline project has been canceled, capping an eight year battle that ends at a time when gas prices have hit historic lows and there’s little need for more natural gas in the Northeast from a greenfield system.
4Q2019 Earnings: Cabot Tests Show Winner in Upper Marcellus, Management Says
Cabot Oil & Gas Corp. on Friday said tests in the upper Marcellus Shale demonstrate the interval is a “distinct” target with results exceeding “the majority of assets” across Appalachia that’s likely to extend the life of its drilling inventory in Northeast Pennsylvania by over a decade.
NGI The Weekly Gas Market Report
Citing NatGas Price Pain, Cabot Unveils $575M, 2.4 Bcf/d 2020 Capital Plan
Amid considerable weakness in natural gas pricing, Cabot Oil & Gas Corp. will cut back to its previously disclosed maintenance capital program in 2020, a $575 million budget expected to deliver around 2.4 Bcf/d of net production this year.
Citing NatGas Price Pain, Cabot Unveils $575M, 2.4 Bcf/d 2020 Capital Plan
Amid considerable weakness in natural gas pricing, Cabot Oil & Gas Corp. will cut back to its previously disclosed maintenance capital program in 2020, a $575 million budget expected to deliver around 2.4 Bcf/d of net production this year.
NGI The Weekly Gas Market Report
Citing NatGas Price Pain, Cabot Unveils $575M, 2.4 Bcf/d 2020 Capital Plan
Amid considerable weakness in natural gas pricing, Cabot Oil & Gas Corp. will cut back to its previously disclosed maintenance capital program in 2020, a $575 million budget expected to deliver around 2.4 Bcf/d of net production this year.
UGI Completes Expansion of Northeast Pennsylvania Natural Gas Gathering System
UGI Energy Services Inc. has completed the fourth expansion of its flagship Auburn natural gas gathering system in perennially constrained Northeast Pennsylvania.
Cabot Preparing for Rough 2020, to Play Defense If Needed
Appalachian pure-play Cabot Oil & Gas Corp. is girding for what could be another tough year for natural gas, announcing Friday that it’s evaluating plans for either modest growth or a more defensive maintenance program in 2020 to better weather commodity prices if they fall further.
NextEra to Acquire $1.37B Stake in Atlantic Sunrise Pipeline
NextEra Energy Partners LP said Monday that it has agreed to acquire a significant ownership stake in the Atlantic Sunrise natural gas pipeline in a deal valued at $1.37 billion.
Cabot to Cut Spending, Production in 2020 as Natural Gas Market Weakens
Cabot Oil & Gas Corp. said Friday it would slightly increase spending this year to push out laterals and utilize three rigs contracted for the remainder of 2019, but it plans to cut the budget and grow production at a more moderate rate in 2020 on weak commodity prices.