Cabot is S&P 500’s Top Performer for 2011, Production Up 154%

Cabot Oil & Gas fin­ished 2011 as the S&P 500 top per­former. The energy company’s stock value increased by a whopping 101% in 2011, despite falling nat­ural gas prices. Cabot increased their dividend to shareholders by 33 percent and the company has declared a two-for-one stock split to be distributed later this month.

Cabot more than doubled natural gas production in the Marcellus Shale last year, largely due to their exceptionally productive wells in northeastern Pennsylvania, including Dimock, PA in Susquehanna County. Yesterday, Cabot released new numbers for just how productive their wells have become, passing the 600 million cubic feet (Mmcf) per day mark in combined output:

To view this content, log into your member account. (Not a member? Join Today!)