Cabot

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.

Cabot Oil & Gas Corp. on Friday said exploratory efforts in north-central Ohio, where it has been working over the last two years to breathe new life into old oilfields with unconventional drilling, would end because of poor results.

Cabot Oil & Gas Corp. on Friday joined other Appalachian operators in a chorus of praise for the takeaway capacity that has come online throughout the basin this year, which has helped to lift prices that have long been restrained.

Just days after Williams reached the finish line on its Atlantic Sunrise project, Transcontinental Gas Pipe Line Co. (Transco) has secured 15-year commitments for 100% of the proposed Leidy South expansion, another Marcellus and Utica shale takeaway project designed to serve East Coast markets.

Cabot Oil & Gas Corp. said Tuesday its third quarter production is likely to come in below guidance after the Atlantic Sunrise pipeline project came online later than expected and some sales were delayed by changes to the company’s turn-in-line schedule.

Cabot Oil & Gas Corp. is pulling up stakes and halting exploratory efforts for oil in one of two prospective areas it identified for tests early last year after incurring $51.1 million of dry hole costs during the second quarter.

A UGI Corp. subsidiary said this week it would expand its Auburn natural gas gathering system in Northeast Pennsylvania because of growing Marcellus Shale volumes.

It was about two years ago that Cabot Oil & Gas Corp. CEO Dan Dinges said 2018 could be the “inflection year” for the company, which operates in just one county in the bottlenecked region of northeast Pennsylvania, as management anticipated more than 1 Bcf/d of demand outlets coming online.

Lower oil prices and the company’s ongoing push to cut costs find Cabot Oil & Gas Corp. exiting the Eagle Ford Shale in two separate deals that are expected to close next year, leaving the company with its core Marcellus Shale properties and exploratory prospects.