Cabot Oil & Gas
S&P 500 component
Dan O. Dinges, Chairman & CEO|
Scott C. Schroeder, CFO
Natural gas liquids
|685.3 billion cubic feet equivalent of natural gas (2017)|
|Revenue||$1.764 billion (2017)|
|$0.100 billion (2017)|
|Total assets||$4.727 billion (2017)|
|Total equity||$2.523 billion (2017)|
Number of employees
|308 employees in addition to 160 employees of the subsidiary GasSearch Drilling Services Corporation (2017)|
Footnotes / references|
As of December 31, 2017, the company had 9.726 trillion cubic feet equivalent of proved reserves, of which 96% was natural gas and 92% was in the Marcellus Shale. In 2017, the company produced 685.3 billion cubic feet equivalent of natural gas.
The company operates in the Marcellus Shale in Pennsylvania, where it controls approximately 172,000 net acres as well as in the Eagle Ford Shale, where it controls approximately 79,000 net acres.
In 1994, the company acquired Washington Energy Resources in a $180 million stock transaction.
In 1997, the company sold oil reserves and land in northwest Pennsylvania for $92.5 million.
In 2001, the company acquired Cody Energy for $230 million.
In 2012, 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.
- "Cabot Oil & Gas Corporation 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- "Cabot Oil & Gas Announces CEO Succession Plan" (Press release). PR Newswire. December 15, 1998.
- "Cabot Oil Adding Washington State Energy Unit". The New York Times. February 26, 1994.
- "Cabot Oil and Gas Ousts its Top Officer". The New York Times. May 20, 1995.
- "CABOT OIL TO SELL RESERVES TO LOMAK FOR $92.5 MILLION". The New York Times. Dow Jones & Company. September 9, 1997.
- PIEPUL, ROBERT (June 21, 2001). "Cabot Oil & Gas to acquire Cody for $230 million". Oil & Gas Journal.
- "Standard & Poor's Announces Changes to U.S. Indices" (Press release). PR Newswire. June 12, 2008.
- "Cabot Oil & Gas Corporation Announces Sale of Marmaton and West Texas Properties" (Press release). PR Newswire. October 17, 2013.
- "Cited for chemical spills, Cabot Oil reports another". The Scranton Times-Tribune. September 23, 2009.
- "Cabot slapped with violation". Upstream. January 9, 2012.(subscription required)
- Goldenberg, Suzanne (29 January 2014). "The anti-fracking activist barred from 312.5 sq miles of Pennsylvania". The Guardian.