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Cabot Oil and Gas Ends Year with Increased Liquids Production
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Cabot Oil & Gas Corporation has reported financial and operating results for the fourth quarter and full-year ended December 31, 2015.
Full-Year 2015 Results Equivalent production was 602.5 billion cubic feet equivalent (Bcfe) in 2015, consisting of 566.0 billion cubic feet (Bcf) of natural gas, 5.4 million barrels (Mmbbls) of crude oil and condensate, and 667,000 barrels (Bbls) of natural gas liquids (NGLs). These figures represent increases of 13 percent, 11 percent, 51 percent, and 79 percent, respectively, compared to 2014. Natural gas price realizations, including the impact of derivatives, were $2.15 per thousand cubic feet (Mcf) in 2015, down 34 percent compared to 2014. Excluding the impact of derivatives, natural gas price realizations for 2015 were $1.81 per Mcf, representing…- ✓ Full news archive — U.S., Canada & international coverage
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