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Cabot Oil & Gas Corp (COG)

COG on New York Consolidated

24.38USD
22 Jul 2016
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$0.17 (+0.70%)
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Latest Key Developments (Source: Significant Developments)

Cabot Oil & Gas Corp enters agreement to supply Lackawanna Energy Center
Tuesday, 5 Jul 2016 06:30am EDT 

Cabot Oil & Gas Corp : Commercial operations of proposed facility expected to begin in mid-2018, to reach full-scale operations by year-end 2018 . Cabot oil & gas corporation announces new long-term sales agreement to supply lackawanna energy center . Executed 10-year sales deal to be exclusive provider of natural gas supplies to invenergy llc's lackawanna energy center power plant .South jersey industries will become counterparty to both entities through exclusive supply fuel management service deal.  Full Article

Cabot Oil & Gas Corp - Pennsylvania families win $4.2 million damages in fracking lawsuit - Reuters News
Thursday, 10 Mar 2016 03:01pm EST 

Cabot Oil & Gas Corp:A federal jury ruled on Thursday that Cabot Oil & Gas Co must pay more than $4.2 million in damages to two families in northeastern Pennsylvania who said the company's fracking operations contaminated their ground water - RTRS.Six jurors in federal court in Scranton awarded $1.3 million each to Scott Ely and Monica Marta-Ely, a married couple in Dimock. Each of their three children received an award of $50,000.A second couple, Ray and Victoria Hubert, also of Dimock, about 32 miles (50 km) south of Binghamton, New York, each received $720,000, and their daughter Hope was awarded $50,000.He said Cabot fought hard and "boxed them in," limiting the evidence his pro bono attorney, Leslie Lewis, could introduce, or what Ely could say in testimony.Cabot spokesman George Stark said the company was surprised by the verdict, and again asserted there was no evidence linking contamination of the Ely and Hubert wells to their fracking operations.The Elys and Huberts were the last of more than 40 families who had sued Cabot.They alleged that their water was contaminated with methane gas after the company began using the process of hydraulic fracturing, or fracking, to extract gas from underground shale formations near Dimock in 2008. The other families settled with the company in 2012.  Full Article

Cabot Oil & Gas Corporation announces public offering of common stock
Monday, 22 Feb 2016 04:05pm EST 

Cabot Oil & Gas Corporation:Says it is commencing a registered public offering of 38,000,000 shares of its common stock.The Company also expects to grant the underwriters an option for 30 days to purchase up to 5,700,000 additional shares of common stock.Company expects to use the net proceeds from the offering for general corporate purposes, including repaying indebtedness under the Company's revolving credit facility, bolstering liquidity and funding a portion of the Company's capital program.J.P. Morgan and BofA Merrill Lynch are acting as joint book-running managers for the offering.  Full Article

Cabot Oil & Gas Corp - Two Pennsylvania families who say fracking fouled water take case to trial - Reuters
Monday, 22 Feb 2016 03:38pm EST 

Cabot Oil & Gas Corp:Jury selection began on Monday in a federal lawsuit in which two northeastern Pennsylvania families allege that Cabot Oil & Gas Corp contaminated their well water with methane when it began fracking for natural gas near their homes - RTRS.Two couples - Scott Ely and Monica Marta-Ely, and Ray and Victoria Hubert - are the only plaintiffs remaining in a case that initially involved more than 40 people. The rest have settled with Cabot, a major producer in Susquehanna County.Critics say fracking is responsible for environmental damage, excessive noise and even earthquakes. Its supporters say the process, which has slashed the country's dependence on foreign energy sources in recent years, is safe.The families suing Cabot live near Dimock, Pennsylvania, a town made infamous by “Gasland,” an Oscar-nominated documentary that galvanized the anti-fracking movement.The 2010 film showed tap water in the area that could be set on fire because of the methane gas it contained. Both families say water in their homes was flammable in the past.Scott Ely, who said his family has lived in the Dimock area since the 1800s, said he hauls in tankers of water for his family. The family showed reporters a bottle of water that they say came from their well. It was the color of coffee and cream.The two families are seeking compensatory and punitive damages from Cabot for the alleged contamination of their water supply.  Full Article

Cabot Oil & Gas Corporation gives Q4 2015 production guidance
Tuesday, 2 Feb 2016 06:31am EST 

Cabot Oil & Gas Corporation:Expects production for Q4 2015 to be about 1,642 million cubic feet equivalent (Mmcfe) per day.  Full Article

Cabot Oil & Gas Corporation Declares Dividend
Tuesday, 5 Jan 2016 05:47pm EST 

Cabot Oil & Gas Corporation:declared a regular dividend of two cents ($0.02) per share on the Company's common stock.The dividend will be paid February 12, 2016 to all shareholders of record as of the close of business January 29, 2016.  Full Article

Cabot Oil & Gas Corp gives Q4, FY 2015 production guidance and initiates FY 2016 production growth guidance
Friday, 23 Oct 2015 06:30am EDT 

Cabot Oil & Gas Corp:Expects Q4 2015 net production guidance of 1,475 to 1,600 million cubic feet (Mmcf) per day for natural gas and 14,000 to 15,500 Bbls per day for liquids.Adjusted its FY 2015 equivalent production growth guidance range to 12 to 14 pct.Initiates preliminary FY 2016 production growth guidance range at 2 to 10 pct.  Full Article

Cabot Oil & Gas Corporation gives Q3 2015 production guidance; reaffirms FY 2015 production guidance
Friday, 24 Jul 2015 07:45am EDT 

Cabot Oil & Gas Corporation:Sees Q3 2015 net production guidance of 1,375 to 1,425 Mmcf per day for natural gas and 15,750 to 17,000 Bbls per day for liquids.Sees FY 2015 production growth guidance range of 10 to 18 percent remains unchanged.  Full Article

Cabot Oil & Gas Corporation declares dividend
Wednesday, 22 Jul 2015 04:02pm EDT 

Cabot Oil & Gas Corporation:Declares a regular dividend of two cents ($0.02) per share on the Company's common stock.Paayable Aug. 19 to all shareholders of record as of the close of business Aug. 05.  Full Article

Cabot Oil & Gas Corp gives Q2, FY 2015 production guidance
Friday, 24 Apr 2015 07:30am EDT 

Cabot Oil & Gas Corp:Sees Q2 2015 net production guidance of 1,375 to 1,425 Mmcf per day and 17,500 to 18,250 Bbls per day for natural gas and liquids, respectively.Sees FY 2015 production growth guidance range of 10 to 18 percent remains unchanged.  Full Article

BRIEF-Cabot Oil & Gas Corp enters agreement to supply Lackawanna Energy Center

* Commercial operations of proposed facility expected to begin in mid-2018, to reach full-scale operations by year-end 2018