Yesterday Cabot Oil & Gas issued an operational update for 2019 that includes new guidance for 2020. Think of it as a sneak preview at the forthcoming quarterly update, due out Feb. 21. In the preview, Cabot says it will spend 27% less on drilling in 2020 than they did in 2019 due to the ongoing low price of natural gas.
Yesterday Cabot Oil & Gas issued an operational update for 2019 that includes new guidance for 2020. Think of it as a sneak preview at the forthcoming quarterly update, due out Feb. 21. In the preview, Cabot says it will spend 27% less on drilling in 2020 than they did in 2019 due to the ongoing low price of natural gas.