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Cabot to Cease Eagle Ford Completions in Q4 in Favor of the Marcellus
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Cabot reported its Q2 2017 results.
The Company has reaffirmed its 2017 production growth guidance range of 8 - 12 percent (including 10 - 15 percent oil production growth) and its total 2017 program spending of $845 million
Marcellus
- Running two rigs and utilizing one 24-hour completion crew in the Marcellus Shale and plans to remain at this level for the remainder of the year.
Eagle Ford
- Running one rig and utilizing one 24-hour completion crew in the Eagle Ford Shale. The Company plans to maintain one rig for the remainder of the year and cease its completion activity for the year in October.
- Net production of 13,146 BOEPD (84% oil) (up 9% from Q1)
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