Cabot Oil & Gas Q3 2011 Eagle Ford Operations Update

Cabot Oil & Gas had a good day as the company announced earnings . The stock jumped more than $10 per share or 17%. The company is largely focused on its core position in the Marcellus Shale of Northwest Pennsylvania, but Cabot did provide updates related to the Eagle Ford. In 2011, the company will participate in 25-30 net wells.┬áCabot is planning to operate one rig in the play throughout 2012. The company’s last two wells in the Buckhorn area of Frio County produced almost 800 boe/d and over 900 boe/d. [Read more…]

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