Last Friday Cabot Oil & Gas, one of the most prolific Marcellus drillers, released its fourth-quarter and full-year 2019 update, with a look ahead at 2020. During the conference call with analysts, Cabot CEO Dan Dinges began his prepared remarks talking about tests the company has done in the Upper Marcellus. Very exciting results. He also said, near the end of the call, that Cabot has positioned itself to be “the last man standing” in the Marcellus. Hmmm, that’s an intriguing comment! What does he mean?