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Cabot Ups Marcellus Q1 Production, Eagle Ford Output Dips
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Cabot Oil & Gas Corporation reported financial and operating results for the first quarter of 2016.
Key Points: Increased Marcellus production 10% from 4Q to 1,628 Mmcf/d Marcellus - drilled 7 net wells, completed 12 net wells and placed 8 net wells on production. Decreased Eagle Ford production 13% to 12,975 BOE/d Eagle Ford - drilled 3 net wells and completed and placed on production 9 net wells, the majority of which were placed on production late in the quarter. Net oil production during the quarter was 11,908 Bbls per day, a decrease of 6 percent sequentially compared to the fourth quarter of 2015. Second Quarter and Full Year 2016 Guidance Production:Cabot has provided second quarter net production guidance of
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