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Appalachia E&P Drill & Complete 70 Wells In 2017
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Cabot Oil & Gas reported financial and operating results for the third quarter of 2016.
Key Points: Increasing its 2016 capex by $35 million to $380 million This increase reflects the drilling and completion of an additional 8 net wells during the fourth quarter Cabot will be implementing fourth-generation completion design across its entire Marcellus Shale program 2017 Capex: $625 million (65% increase from 2016) - $535 million for D&C ($423 million for Marcellus / $70 million for Eagle Ford) Drill 70 wells (75% increase from 2016) - 55 Marcellus wells / 15 Eagle Ford Complete 75 wells (6.25% decrease from 2016) - 50 Marcellus / 25 Eagle Ford Highlights: Equivalent production growth of six percent relative to the prior-year comparable quarter, driven by a nine percent…- ✓ Full news archive — U.S., Canada & international coverage
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