Cabot Oil & Gas is one of the premier drillers in the Marcellus Shale. They drill in a single Pennsylvania county–Susquehanna County. They consistently have 15 of the top 20 producing shale wells in PA. By our back-of-the-envelope estimation, Cabot, all by itself, drilling in one county, delivers something like 3% of all the natural gas produced in the entire country! It is an amazing story. What’s even more amazing is the big heart the company has. Woven into the Cabot DNA is giving back to the communities where they drill. It would take several posts to recount all of Cabot’s largess. We’ll mention just two cases. In 2012 Cabot donated $2 million and helped raise another $2.2 million (for a total of $4.2 million) to help build a new physicians clinic/hospital in Montrose, PA (see Cabot Effort Raises $4.4 Million for PA Physicians Clinic). In 2014, Cabot donated $2.5 million to a local college, to help build its School of Petroleum & Natural Gas (see Cabot Oil & Gas Does it Again – $2.5 Million Gift to Lackawanna College). Believe us, there are MANY more instances of Cabot donations in cash and volunteerism from its employees. Great company. Here’s one of the latest: At the end of last year, Cabot funded a new program in Susquehanna County called “Fill a Glass with Hope.” The program is a partnership formed among Feeding Pennsylvania, the Pennsylvania Dairymen’s Association, American Dairy Association North East, the Pennsylvania Dairy Promotion Program, agriculture partners, and business leaders to provide fresh milk to Pennsylvania families in need through Feeding Pennsylvania’s network of food banks. Cabot’s funding assists the Harry & Jeanette Weinberg Northeast Regional Food Bank with the purchase and delivery of enough fresh milk to support dozens of families in Susquehanna County. It is a heartwarming story. So imagine our surprise in reading a letter to the editor of the Scranton Times-Tribune from someone who doesn’t like Cabot donating milk to poor families…
