Cabot Oil & Gas’ long-term plan is to fully develop the Lower Marcellus before
beginning development in the Upper Marcellus. During 2018, the company completed nine
Generation 5 Upper Marcellus wells to reconfirm the potential in the formation. Current
data shows the wells are outperforming the 2.9 Bcfe type curve. Cabot won’t
increase its type curve until more production history is gathered. Each year,
the company plans to allocate a small amount of capital to Upper Marcellus
Gen 5 completions.
“While......
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