Cabot Oil & Gas is adjusting its 2019 guidance following the acquisition of acreage
adjacent to an eight-well pad. Laterals on the pad will now average 12,450 ft instead of 8,850
ft. This will improve the pad’s economics but increase cycle times, pushing back the turning to
sales of the pad to late December
2019 or early January 2020. As
a result, Cabot’s 2019 growth
target of 20% has been reduced to 16-18%. Capex has been raised to $800-820 million......
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