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About Cabot Oil & Gas
Dan O. Dinges, Chairman, CEO, & President, Chuck Laughlin, Directors:
Cabot Oil & Gas Corporation is an independent petroleum and natural gas exploration and production company based in Houston, Texas (United States).
Cabot Oil & Gas Corporation produced 2.8 million barrels (445,000 m³) of oil and 71 billion cubic feet (2 km³) of natural gas in 2003. The company has operations in three areas in the continental US, the Texas Louisiana Gulf coast region, the east coast (onshore) and the west in the Rocky mountain states. The CEO of Cabot Oil & Gas Corporation is Dan O. Dinges. The profit goes primarily to the major share holders with the rest being used for research and development and acquisition of new oil fields.
At the close of trading on June 20, 2008 the company was added to the S&P 500 stock index.
Cabot has major holdings in the Marcellus Shale gas play in northeastern Pennsylvania. The company has been cited for numerous violations in regard to spills of toxic hydro-fracking fluids in Northeastern Pennsylvania.
Cabot is also active in the Marmaton Formation oil play in Oklahoma.