Cabot Oil meeting targets and continues to expand

Dec 08, 2008 | 07:48 AM | Maria Guzzo

While some energy exploration companies are pulling back, Cabot Oil & Gas Corp., Houston, said it is surpassing its targets and continuing expansions.

Cabot's Marcellus shale initiative in northeastern Pennsylvania is gaining momentum and is producing more than 13 million cubic feet equivalent (cfe) per day, it said. Most recently, Cabot completed its first Marcellus horizontal well and began initial production.....

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