Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

  emailEmail
  Back to Financing Database

Cabot Details Recent Buyback of Shares

Since the second quarter conference call, the Cabot Oil & Gas Corp. has repurchased approximately 2.7 million shares.

With a share price of ~$32.15, proceeds are ~$86.8 million.

The Company has approximately 11.7 million shares remaining under its share repurchase program.

Dan O. Dinges, Chairman, President, and Chief Executive Officer, commented: "We continue to believe that there is a meaningful disconnect between the long-term value creation provided by our assets and our current market valuation. As a result, we will continue to be opportunistic on share repurchases without compromising the financial flexibility that is provided by our strong balance sheet."

Announced Date
September 24,2014
Value  ( $MM )
86.8
Type
Buy Back
Use of Fund
General Purpose
Company
Cabot Oil & Gas Corp
Regions
Northeast
Country
United States

Contacts
Cabot Oil & Gas Corp
Beau Clark
 South Region Reservoir
 Houston ,Texas ,77024-4152
 281-848-2740

Buddy Wylie
 Manager, Exploration
 Pittsburgh ,Pennsylvania ,15276
 412-249-3930

Dan O Dinges
 Chairman, President & CEO
 Houston ,Texas ,77210-4544
 281-589-4608

Deidre Shearer
 Managing Counsel & Corporate Secretary
 Houston ,Texas ,77210-4544
 281-589-4890

Gary Hlavinka
 Manager, Regional Operations
 Pittsburgh ,Pennsylvania ,15276
 412-249-3910

Jeff Keim
 Manager, Regional Land-North
 Pittsburgh ,Pennsylvania ,15276
 412-249-3860

Jeffrey W Huttton
 Vice President, Marketing
 Houston ,Texas ,77210-4544
 281-589-5718

John Muire
 Manager, Regional Land South
 Houston ,Texas ,77210-4544
 281-848.2665

Matt Reid
 Vice President, Regional Manager - South
 Houston ,Texas ,77210-4544
 281-848-2617

Phil Stalnaker
 Vice President
 Pittsburgh ,Pennsylvania ,15276
 412-249-3900

Scott C Schroeder
 VP & CFO
 Houston ,Texas ,77210-4544
 281-589-4600

Steve Heron
 Manager, Exploration
 Houston ,Texas ,77210-4544
 281-848-2641

Steve Lindeman
 VIce President, Engineering & Technology
 Houston ,Texas ,77210-4544
 281-589-4600

Todd Liebl
 VIce President, Land & Business Development
 Houston ,Texas ,77210-4544
 281-848-2663


Northeast Related Financings

Announced Date Title Company Value($MM) Financing Type
2022-06-27 Southwestern Approves $1.0B Stock Buyback Program Southwestern Energy Co. 1,000 Buy Back
2014-07-29 Chesapeake to Repurchase $1.26B in CHK Utica LLC Shares Chesapeake Energy Corp 1,260 Buy Back