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Cabot plans to increase Marcellus production

Monday, November 6, 2017 by

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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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Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914.

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