Jeffrey Hutton, Senior Vice President of Marketing for Cabot Oil & Gas (NYSE: COG), presented today at EnerCom’s The Oil & Gas Conference® 20.
Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading independent natural gas producer, with its entire resource base located in the continental United States. The company operations are centered around developing its natural gas resources in Pennsylvania and West Virginia; and exploiting its oil, liquids and to a lesser extent, natural gas reserves in Texas.
With a 3% decline of total per unit costs from the second quarter last year, Cabot continues to reduce costs. Its Constitution Pipeline project is expected to be in service by the end of 2016 and is anticipated to bring $13 million in annually in economic impact to the region.
During the company’s breakout session, management was asked the following questions:
- Do you have any updates on exports?
- Do you have any changes in the Eagle Ford Shale? For example, any expansion plans?
- What is your plan with loans and liquidity?
- Increased demand is on the horizon. Do you have more takeaway potential?
- How do you see the possibility of price realizations? What price do you think will result in improvements to differentials?
- You’ve been working on your cost savings. Have you worked on the differential reductions?
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