Cabot Oil & Gas continues to be a star performer in the northeast PA Marcellus Shale. Releasing their second quarter update yesterday, Cabot reports their natural gas production is up 52% from 2Q12. Meanwhile, they’ve now added a sixth drilling rig in Susquehanna County, PA. If memory serves, it was only a little over a year ago that Cabot was running just three rigs in Susquehanna County.
According to MDN sources, some farmers in Susquehanna County, PA are getting $10,000 per day in royalties. In addition to spreading manure, they’re now spreading an incredible amount of wealth around the county! Here’s select portions of the latest press releases from Cabot: