Cabot Oil & Gas published their first quarter 2014 update yesterday, and the news continues to be spectacular. On more than one occasion MDN has noted how Cabot continues to spin gold from hay–making money hand over fist in the dry gas Marcellus of Susquehanna County, PA, even in a low commodity price environment. This latest update continues that trend. Cabot’s production is up 34% from the same time last year. Net income is up 102% over last year. And costs are down 19%.
Here’s the Cabot 1Q14 update: