Profile: Cabot Oil & Gas Corp (COG)
11 Feb 2016
Cabot Oil & Gas Corporation, incorporated on December 14, 1989, is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company’s exploration, development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Company also has operations in various other unconventional and conventional plays throughout the continental United States. The Company’s assets are concentrated in areas with hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.
The Company’s Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County, Pennsylvania. The Company holds approximately 200,000 net acres in the dry gas window of the play. As of December 31, 2014, the Company’s net production in the Marcellus Shale was 479.8 billions of cubic feet equivalent (Bcfe), representing approximately 90% of the Company’s total equivalent production for the year. As of December 31, 2014, the Company had a total of 469.0 net wells in the Marcellus Shale, the majority of which are operated by the Company.
Eagle Ford Shale
The Company's properties in the Eagle Ford Shale are principally located in Atascosa, Frio and La Salle Counties, Texas, where the Company holds over 89,000 net acres in the oil window of the play. As of December 31, 2014, the Company’s net crude oil/condensate/NGL and natural gas production from the Eagle Ford Shale was 3,799 Mbbl and 1.5 Bcf, respectively, or 24.3 Bcfe, representing approximately 5% of the Company’s full year total equivalent production. As of December 31, 2014, the Company had a total of 167.2 net wells in the Eagle Ford.
Other Oil and Gas Properties
The Company operates or participates in other conventional and unconventional plays throughout the continental United States. Its other Oil and Gas Properties are located in the Utica Shale in Pennsylvania; the Cotton Valley, Haynesville, Bossier, and James Lime formations in east Texas, and the Devonian Shale, Big Lime, Weir and Berea in West Virginia.
The Company operates a number of gas gathering and transmission pipelines systems, made up of approximately 3,100 miles of pipeline with interconnects to three interstate transmission systems and four local distribution companies and numerous end users. The majority of the Company's pipeline infrastructure is located in West Virginia. The Company also has two natural gas storage fields located in West Virginia with a combined working capacity of approximately 4 billion cubic feet of natural gas.
Cabot Oil & Gas Corp
840 Gessner Rd Ste 1400
HOUSTON TX 77024-4152