Cabot Oil & Gas
|Traded as||NYSE: COG|
S&P 500 component
| Dan O. Dinges, Chairman & CEO|
Scott C. Schroeder, CFO
|735 billion cubic feet equivalent of natural gas (2018)|
|Revenue||$1.764 billion (2018)|
|$0.100 billion (2018)|
|Total assets||$4.727 billion (2018)|
|Total equity||$2.523 billion (2018)|
Number of employees
|303 employees in addition to 180 employees of the subsidiary GasSearch Drilling Services Corporation (2018)|
|Footnotes / references|
As of December 31, 2018, the company had 11.605 trillion cubic feet equivalent of proved reserves, all of which was natural gas and all of which was in the Marcellus Shale, where the company controls approximately 174,000 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 2018 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.
- Chang, Sue (June 12, 2008). "Cabot Oil to replace Brunswick Corp. in S&P 500". Marketwatch.
- "Cabot Oil & Gas Corporation Announces Sale of Marmaton and West Texas Properties" (Press release). PR Newswire. October 17, 2013.
- "Venado Oil & Gas and KKR Acquire Cabot Eagle Ford Assets" (Press release). PR Newswire. March 19, 2018.
- "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.
- Business data for Cabot Oil & Gas Corporation: