Cabot plans to increase Marcellus production
Monday, November 6, 2017
Cabot Oil and Gas plans to operate three rigs and two completion crews in the Marcellus Shale in 2018, according to Kallanish Energy.
The company plans to invest $1.5 billion in capital spending next year, with $750 to $850 million going to the Marcellus Shale. It is projecting growth of 27 to 33 percent in the Marcellus Shale next year.
Cabot’s net income was $17.6 million in the third quarter, compared to a net loss of $10.3 million in the same quarter a year ago.
Learn more: Kallanish Energy > Cabot aiming for big jump in Marcellus production
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.