Profile: Cabot Oil & Gas Corp (COG.N)
13 Jan 2017
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 operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs. The Company's exploration, development and production operations are primarily concentrated in two unconventional 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. It has operations in Houston, Texas and Pittsburgh, Pennsylvania.
The Company's Marcellus Shale properties are principally located in Susquehanna County, Pennsylvania. The Company holds approximately 200,000 net acres in the dry gas window of the play. The Company's net production in the Marcellus Shale is approximately 540.8 billions of cubic feet equivalent (Bcfe), representing approximately 90% of the Company's total equivalent production for the year. The Company has a total of approximately 548.1 net wells in the Marcellus Shale, of which approximately 99% 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 85,500 net acres in the oil window of the play. The Company's net crude oil/condensate/natural gas liquid (NGL) and natural gas production from the Eagle Ford Shale is approximately 5,800 thousand barrels of oil (Mbbl) and over 1.8 billion cubic feet of natural gas (Bcf), respectively, or over 36.6 billion cubic feet of natural gas equivalent (Bcfe), representing approximately 6% of the Company's total equivalent production. The Company has a total of 221.2 net wells in the Eagle Ford, of which approximately 85% are operated by it.
Other Oil and Gas Properties
In addition to the Company's core unconventional resource plays, the Company operates or participates in other conventional and unconventional plays throughout the continental United States. Its other conventional and unconventional plays are located in Devonian Shale, Big Lime, Weir and Berea in West Virginia; the Cotton Valley, Haynesville, Bossier, and James Lime formations in east Texas, and the Utica Shale in Pennsylvania.
Ancillary to the Company's exploration, development and production operations, the Company operates various gas gathering and transmission pipelines systems, made up of approximately 3,100 miles of pipeline with interconnects to over three interstate transmission systems, over four local distribution companies and various end users. The majority of the Company's pipeline infrastructure is located in West Virginia. The Company also has over two natural gas storage fields located in West Virginia with a combined working capacity of approximately four billion cubic feet of natural gas. The pipeline systems and storage fields are integrated with its operations in West Virginia.
Cabot Oil & Gas Corp
840 Gessner Rd Ste 1400
HOUSTON TX 77024-4152