oil & gas assets
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A&D - Cabot acreage buy to extend laterals on pad, hike ’19 output - August 2019

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Appalachian pure-play Cabot Oil & Gas upwardly revised its 2019 production guidance by 16-18% to 2.36-2.41 MMcfe/d based on a $800-820 million capital budget. Driving the increase in part was the company’s acquisition of acreage offsetting an existing eight-well pad in northeast Pennsylvania that it began drilling in Q2. The new acreage increased the total lateral footage on the pad by 28,000 ft, thereby increasing the average lateral length per well from 8,950 ft to 12,450 ft and resulting in......
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