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Cabot Ups Marcellus, Eagle Ford Production; D&C Improvements
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Cabot Oil & Gas Corporation reported its financial and operating results for the first quarter of 2015.
Highlights: Production of 171.4 billion cubic feet equivalent (Bcfe), an increase of 43 percent Liquids production (crude oil/condensate/natural gas liquids) of 1.6 million barrels (Mmbbls), an increase of 132 percent Total unit costs (including financing) of $2.33 per thousand cubic feet equivalent (Mcfe), a 12 percent improvement Total cash unit costs (including financing) of $1.22 per Mcfe, a 10 percent improvement Subsequent to the end of the first quarter, the Company closed an amendment to its revolving credit facility that increased the borrowing base to $3.4 billion; increased the lenders' commitments to $1.8 billion; extended the maturity date three additional years; and…- ✓ Full news archive — U.S., Canada & international coverage
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