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Cabot Provides Shale Update; Annouce 2013 CapEx
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Cabot Oil & Gas Corporation announced highlights from its areas of focus the Marcellus, Eagle Ford, Marmaton and Pearsall.
Eagle Ford ShaleThe Company has experienced continued success with the 400' down spacing program, maintaining a range of EURs between 350 and 500 Mboe per well, depending on lateral length. Cabot continues to see improvements in EUR per lateral foot as the Company refines its lateral placement and completion techniques. This down spacing is expected to double the recoverable reserves inCabot's Buckhorn area. The Company continues to see decreases in average well costs in the Eagle Ford as a result of lower stimulation costs and increases in drilling and completion efficiencies. Additionally, drilling days continue to decline with the fastest well drilled to date in…
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