Cabot Oil & Gas
|Traded as||NYSE: COG
S&P 500 Component
|Dan O. Dinges (CEO)|
|Products||Petroleum, natural gas, natural gas liquids|
|627.1 billion cubic feet equivalent of natural gas (2016)|
|Revenue||US$1.155 billion (2016)|
|-US$0.566 billion (2016)|
|-US$0.417 billion (2016)|
|Total assets||US$5.122 billion (2016)|
|Total equity||US$2.567 billion (2016)|
Number of employees
|421 employees in addition to 155 employees of the subsidiary GasSearch Drilling Services Corporation (2016)|
As of December 31, 2016, the company had 8.576 trillion cubic feet equivalent of proved reserves, of which 96.5% was natural gas on an energy-equivalent basis, and 92% were in the Marcellus Shale. In 2016, the company produced 627.1 billion cubic feet equivalent of natural gas.
The company operates in the Marcellus Shale in Pennsylvania, where it controls approximately 179,000 net acres as well as in the Eagle Ford Shale, where it controls approximately 84,000 net acres.
In 1994, the company acquired Washington Energy Resources in a $180 million stock transaction.
The company was cited for improper well construction as a result of polluted drinking water.
Restraining order on anti-fracking activist
In January 2014, Cabot sought, and a judge granted, a temporary injunction barring anti-fracking activist Vera Scroggins from entering on any land in Pennsylvania owned or leased by Cabot. "In total, 312.5 sq miles are no-go areas for Scroggins under a sweeping court order granted by a local judge that bars her from any properties owned or leased by one of the biggest drillers in the Pennsylvania natural gas rush, Cabot Oil & Gas Corporation." It was noted by Cabot during court testimony that Scroggins had violated no laws and that this lawsuit was based on her being considered a "nuisance" due to her reporting and activism at Cabot sites.
- Dan O. Dinges
- Cabot Oil & Gas 2016 Form 10-K Annual Report
- Cabot Oil & Gas: Marcellus Shale
- Cabot Oil & Gas: Eagle Ford Shale
- "Cabot Oil & Gas Announces CEO Succession Plan" (Press release). PRNewswire. December 15, 1998.
- "Cabot Oil Adding Washington State Energy Unit". New York Times. February 26, 1994.
- "Cabot Oil and Gas Ousts its Top Officer". New York Times. May 20, 1995.
- "Standard & Poor's Announces Changes to U.S. Indices" (Press release). PRNewswire. June 12, 2008.
- "Cabot Oil & Gas Corporation Announces Sale of Marmaton and West Texas Properties" (Press release). PRNewswire. October 17, 2013.
- "Cited for chemical spills, Cabot Oil reports another". The Times Tribune. September 23, 2009.
- "Cabot slapped with violation". Upstream. January 9, 2012.
- Goldenberg, Suzanne (29 January 2014). "The anti-fracking activist barred from 312.5 sq miles of Pennsylvania". The Guardian.
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