Gas Company Asks to Resume Drilling in Dimock, Pa.

Bloomberg reported that Cabot Oil & Gas Corp. (NYSE:COG) requested to continue natural-gas drilling in Dimock, Pennsylvania after 18 residential water wells were contaminated with methane gas.

As quoted in the market news:

Cabot Oil & Gas Corp. asked the Pennsylvania Department of Environmental Protection on Monday to allow it to resume operations in Dimock, Susquehanna County. Cabot’s letter to DEP, released by the agency on Tuesday, said the Houston-based company believes it is in compliance with the terms of a December 2010 settlement agreement that required it to remove methane from the residents’ water.

Click here to read the full Bloomberg report