Cabot Establishes Initial 2014 Production Guidance

Source: 9/26/2013, Location: North America

Cabot Oil & Gas Corporation established its initial 2014 production growth guidance range of 30 to 50 percent and reaffirmed its 2013 production growth guidance range of 44 to 54 percent. "We have provided initial 2014 guidance to further reaffirm management's confidence in our ability to continue to provide best-in-class production growth in 2014," said Dan O. Dinges, Chairman, President, and Chief Executive Officer. "While production volumes have recently been impacted by our strategic decision to periodically hold back production due to the recent softness in Marcellus spot market pricing and scheduled infrastructure maintenance projects (most of which will be completed by early October), we believe these are both short-term phenomena that will not have an impact on our production growth in 2013 and beyond."

"Cabot's Marcellus position continues to provide the most economic natural gas in North America with a breakeven cost below $1.20/Mcf," stated Dinges. "While current regional pricing will affect our realized pricing in the short-term, we continue to believe the focus should be on the quality of our asset and our extensive inventory of low-risk, high-return drilling opportunities in the Marcellus Shale."

For more information about related Opportunities and Key Players visit Shale Gas Projects

United States >>  1/18/2023 - Chesapeake Energy Corporation has entered into an agreement to sell the Brazos Valley region of its Eagle Ford asset to WildFire Energy I LLC for $1.4...
United States >>  1/17/2023 - • WhiteHawk to acquire Haynesville Shale mineral and royalty assets covering 375,000 gross unit acres
• Mineral and royalty assets operated by ba...

Saudi Arabia >>  1/10/2023 - Flowserve Corporation (NYSE:FLS) (the “company”) will support the construction of Aramco’s Jafurah project, one of the largest commercial unconvention...
United States >>  1/10/2023 - Sage Natural Resources LLC ("Sage") announced that it recently completed six horizontal wells in the dry-gas window targeting the Barnett Shale format...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.