Cabot Oil & Gas Provides Operational Updates on Marcellus Shale and Marmaton Programs

Cabot Oil & Gas Corporation (NYSE:COG) provided operational updates from its Marcellus Shale leasehold and its Marmaton drilling program in Oklahoma.

As quoted in the press release:

Operational efficiencies in the Company’s Marcellus program continued to be a primary focus during the first quarter. The Company completed a total of 456 frac stages during the quarter and achieved a new record by completing eight stages in a 24-hour period with one completion crew. The 456 completed stages is a 70 percent increase over the first quarter of 2012.

Cabot’s Chairman, President and CEO, Dan O. Dinges, said:

 In addition to efficiencies on the completion side of our operations, we also commenced operations from our first compressed natural gas (CNG) station to fuel our pickup truck fleet and one of the drilling rigs operating for Cabot. We continue to invest in ways to adapt our operations to utilize and benefit from natural gas.

To view the whole press release, click here.