Exploration & Production | Top Story
Cabot's 2014 Marcellus Ops : 60 Percent Pad Drilling, 120 Wells
Email
Print 
Bookmark
Since the inception of Cabot’s horizontal drilling program in 2008, the Company has utilized the latest technological advancements to maximize operational efficiencies in its Marcellus operations. From drilling longer laterals with shorter frac stage spacing to testing tighter downspacing between laterals, Cabot has continued to optimize its development of this world-class asset and 2013 was no different.
Cabot’s Marcellus program exceeded all expectations in 2013, further highlighting the truly prolific nature of the perfectly-mature, highly-structured geology across the Company’s leasehold. The Company currently anticipates drilling 110 to 120 net Marcellus wells in 2014 while operating six rigs for the year.
Cabot plans to drill over 60 percent of its Marcellus wells in 2014 on pads with five or more wells, allowing for increased operating efficiencies and cost savings. Approximately 73 percent of the Company’s 2014 capital program will be allocated to the peer-leading rate of return projects in the Marcellus. With over 3,000 identified locations in the sweet spot of the play, implying over 25 years of inventory at current drilling levels, Cabot’s future in the Marcellus Shale remains bright.
