Federal Jury Finds Cabot Responsible For Tainted Pennsylvania Water Wells, Awards $4M-Plus

After deliberating for two days, a federal jury has awarded two families in rural Dimock Township, PA, more than $4 million, finding that Cabot Oil & Gas Corp.’s operations there were responsible for contaminating their water wells.

March 10, 2016

Cabot NatGas Curtailments Continue as It Waits on More Marcellus Takeaway

Cabot Oil & Gas Corp. has plans to stay flexible this year amid an uncertain commodity price environment that’s further complicated by a lack of clarity about when some of the company’s key infrastructure projects will come online to serve bottlenecked Marcellus Shale production in Northeast Pennsylvania.

February 19, 2016
Cabot Slashes 2016 Spending, Plans to Run Just One Rig

Cabot Slashes 2016 Spending, Plans to Run Just One Rig

Cabot Oil & Gas Corp. will sharply cut its 2016 capital budget in response to the commodities downturn, electing to preserve its cash flow, await more takeaway capacity in the Appalachian Basin and run one rig company-wide, the company said Tuesday.

February 2, 2016

Marcellus Operators Continue Facing Squeeze of Low NatGas Prices

A sample of six Marcellus Shale operators taken by Fitch Ratings shows, not surprisingly, that weak realized natural gas prices related to an ongoing supply glut in the Northeast could further inhibit production growth in the play next year.

November 4, 2015

Cabot Continues Curtailing Marcellus Gas; Constitution Pipeline Delays Persist

Construction that was soon expected to begin with a late 2016 target in-service date for the Constitution Pipeline — a crucial linchpin for plans to unlock stranded natural gas in Northeast Pennsylvania — appears increasingly unlikely as New York regulators continue holding up the project.

October 23, 2015

Cabot’s 2Q Production Declines on NatGas Curtailments

Cabot Oil & Gas Corp.’s production fell considerably between the first and second quarters, as low commodity prices prompted it to curtail 500 MMcf/d of gross natural gas volumes in the Northeast.

July 24, 2015

Cabot Cuts Capex to $900M, Plans to Drop Four Rigs by 2Q2015

Cabot Oil & Gas Corp. said low commodity prices for oil and natural gas are forcing it to trim more than $600 million from its capital expenditures (capex) budget for 2015, and it plans to cut four rigs deployed in the Marcellus and Eagle Ford shales by the second quarter.

February 20, 2015

Undeterred by Commodity Prices, Cabot Plans Robust 2015 Program With Eagle Ford Focus

Despite admitting that 2015 could be one of the toughest years yet for oil and gas prices, Cabot Oil & Gas Corp. management on Friday reaffirmed the company’s plans to grow annual production by 20-30%, with a drilling program that could eventually lean more heavily on the Eagle Ford Shale of South Texas.

October 24, 2014

Pennsylvania DEP Fines Cabot for Incident at Gas Well in January

The Pennsylvania Department of Environmental Protection (DEP) has levied a $76,546 fine against Cabot Oil & Gas Corp. for an incident at a natural gas well in Susquehanna County in January, DEP said.

August 19, 2014

Eagle Ford Helped Cabot Beat Expectations, Drive Up 2Q Liquids Production

Despite falling slightly short of its expectations in the Marcellus Shale, Cabot Oil & Gas Corp. continued making the kind of progress in the Eagle Ford Shale that surprised financial analysts and helped it to surpass their expectations for second quarter earnings and production.

July 25, 2014