Cabot

Constitution Pipeline Finally Scrapped as NatGas Prices Tank and Opposition Pushes Up Costs

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.

February 24, 2020

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.

February 21, 2020

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.

February 4, 2020

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.

February 4, 2020

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.

February 4, 2020

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.

October 25, 2019

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.

September 30, 2019

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.

July 26, 2019
Marcellus Drove Double-Digit Production Gains for Cabot in First Quarter

Marcellus Drove Double-Digit Production Gains for Cabot in First Quarter

Cabot Oil & Gas Corp. exceeded the high-end of its first quarter guidance, producing 2.276 Bcfe/d, or 21% more than it did at the same time last year, as its Marcellus Shale assets in Northeast Pennsylvania continued to outperform.

April 30, 2019
Cabot Sees Appalachian NatGas Prices Falling After Brief Boost

Cabot Sees Appalachian NatGas Prices Falling After Brief Boost

Cabot Oil & Gas Corp. during the first quarter saw the benefits of additional natural gas takeaway capacity and other local demand sources that came online late last year, realizing its best differential since early 2013.

April 29, 2019
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