Exploration & Production | Top Story | Quarterly / Earnings Reports | First Quarter (1Q) Update
Cabot Hits 1 Tcf in the Marcellus; Six-Well Eagle Ford Pad
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Cabot Oil & Gas Corporation reported its financial and operating results for the first quarter of 2014.
Highlights for the quarter include: Production of 119.9 billion cubic feet equivalent (Bcfe), an increase of 34 percent over last year's comparable quarter Discretionary cash flow of $319.5 million, an increase of 36 percent over last year's comparable quarter Net income excluding selected items of $109.7 million, an increase of 102 percent over last year's comparable quarter Total unit costs (including financing) of $2.66 per thousand cubic feet equivalent (Mcfe), a 19 percent improvement over last year's comparable quarter First Quarter 2014 Financial ResultsEquivalent production in the first quarter of 2014 was 119.9 Bcfe, consisting of 115.8 billion cubic feet (Bcf) of natural…
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