Cabot presents at EnerCom’s The Oil & Gas Conference®

Cabot Oil & Gas (ticker: COG) is an exploration and production company headquartered in Houston, Texas. Cabot in Q2 2018 closed on the sale of its oil and gas properties in the Haynesville Shale for net proceeds of $29.2 million, making Cabot a pure play natural gas producer focused on the Marcellus.

Q2 highlights

  • Daily equivalent production of 1,895 MMcfe/d
  • Adjusted net income of $57.9 million
  • Net cash provided by operating activities of $273.9 million
  • Discretionary cash flow of $196.5 million
  • Returned $239.6 million of capital to shareholders through dividends and share repurchases
  • Improved operating expenses per unit by eight percent YOY
  • Cabot is currently operating three rigs and two completion crews in the Marcellus Shale and plans to place 37.0 net wells on production in conjunction with the anticipated in-service of the Atlantic Sunrise pipeline project during the second-half of 2018.

Breakout session at the EnerCom conference

During Cabot’s breakout session at the 2018 EnerCom conference, management was asked the following questions:

  • How many operating wells do you have in the Marcellus?
  • What are your main types of methods for extraction in the Marcellus?
  • Exit strategy for end of year in 2018?
  • Does your inventory on the presentation include all areas in the Marcellus?
  • What was the decision process on not developing the original wells in the Marcellus?
  • On long term production costs, what are your thoughts about the long term production and takeaway for the remainder of 2018?
  • In the Utica Hess package, how is A&D?
  • On the power plants, how much of an uplift are you getting off of those?
  • On well productivity, is there any upside availability on productivity in those new wells?
  • What kind of transit on oil costs are you seeing in the northeast?
  • How long are the laterals drilled in the Marcellus for 2018?
  • When will the CapEx be released for 2018?
  • How much of the upper Marcellus will be involved in 2019 production?
  • Based on your inventory, do you have a target for when you want production to play out?
  • Will you have a go or no go on the second portions of the Marcellus this year?

You can listen to Cabot’s presentation here.

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