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Cabot Ramps Up Drilling +67% YOY in Q1; Focuses on Cash Flow
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Cabot Oil & Gas reported its Q1 2019 results.
Cabot spent a total of $204.3 million in Q1.
Q1 Highlights
- Q1 production of 2,276 Mmcfe/d - up +21% YOY
- Drilled 25 net wells / Completed 14 net wells - an increase of +67% and +27%, respectively
Touts Improved Cash Flow
As many operators push to live within their means, Cabot focused in Q1 presentation on its increased focus on its cash flow:
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