Exploration & Production
Cabot Hits 1.5 Bcf/d Marcellus Production Record; Talks Ops
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Cabot Oil & Gas Corporation has reported that it recently achieved a new gross production record in the Marcellus of 1.5 billion cubic feet (Bcf) per day.
Dan O. Dinges, Chairman, President and Chief Executive Officer, commented: "This week marks the one-year anniversary of surpassing the one Bcf per day milestone in the Marcellus, highlighting a 50 percent year-over-year increase. As such, we are increasing our 2013 production growth guidance range from 44 to 54 percent to 50 to 55 percent. 2014 production growth guidance for the Company remains unchanged at 30 to 50 percent."
2014 Hedging ProgramDuring the fourth quarter of 2013, Cabot added 55 natural gas hedge contracts for 2014. The Company now has approximately 970 million cubic feet (Mmcf) per day of natural gas volumes hedged for…
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