Cabot O&G: Afterburners Kick in on Rocket to the Moon

MDN has an admitted soft spot for Cabot Oil & Gas. We know a number of Cabot personnel–all extremely talented and top-drawer professionals. Cabot has been (in our opinion) unfairly maligned for “causing Dimock” which is still a rallying cry for hacks like Josh Fox and his Gasland fictional movies. Even though we have an admitted crush on Cabot, the fact is, they are a stellar performer by everyone’s standards. Yesterday the company released second quarter results for 2014 and they report, among many interesting things, that the company produced an average 1.26 billion cubic feet of natural gas per day from their wells in Susquehanna County, PA. Folks, the entire country produces 70 Bcf/d (see U.S. Hits New Daily Production Record Thx to Marcellus/Utica). If you do the math, the amount of gas a single driller is producing from a single PA county (Cabot/Susquehanna County)–is nearly 2% of all gas produced in the U.S. every day. Simply astonishing…

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