Exploration & Production | Top Story
Cabot Tags 2014 Growth Guidance; Conveys Confidence in Marcellus
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Cabot Oil & Gas Corporation has established its initial 2014 production growth guidance range of 30 to 50 percent and reaffirmed its 2013 production growth guidance range of 44 to 54 percent.
Dan O. Dinges, Chairman, President, and Chief Executive Officer, commented: "We have provided initial 2014 guidance to further reaffirm management's confidence in our ability to continue to provide best-in-class production growth in 2014. While production volumes have recently been impacted by our strategic decision to periodically hold back production due to the recent softness in Marcellus spot market pricing and scheduled infrastructure maintenance projects (most of which will be completed by early October), we believe these are both short-term phenomena that will not have an impact on our…
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