Coterra Energy (Cabot O&G)

Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Susquehanna County

Cabot is S&P 500’s Top Performer for 2011, Production Up 154%
January 5, 2012January 5, 2012

Cabot Oil & Gas finished 2011 as the S&P 500 top performer. The energy company’s stock value increased by a whopping 101% in 2011, despite falling natural gas prices. Cabot increased their dividend to shareholders by 33 percent and the company has declared a two-for-one stock split to be distributed later this month.

Cabot more than doubled natural gas production in the Marcellus Shale last year, largely due to their exceptionally productive wells in northeastern Pennsylvania, including Dimock, PA in Susquehanna County. Yesterday, Cabot released new numbers for just how productive their wells have become, passing the 600 million cubic feet (Mmcf) per day mark in combined output:

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Accidents | Coterra Energy (Cabot O&G) | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Susquehanna County

EPA Says Gaps Exist in Dimock, PA Water Tests
January 3, 2012January 3, 2012

The federal Environmental Protection Agency (EPA) is once again stirring up trouble in Dimock, PA by “reopening” a review of Dimock Township water supplies after recent tests from a private testing service hired by Cabot Oil & Gas turned up “gaps” in the data that the EPA wants to explore. This is less than a month after the EPA sent a letter to residents, on Dec. 2, telling them the same test results showed well water in the area “does not present an immediate health threat to users” (see this MDN story for a copy of the letter).

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Accidents | Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | Pennsylvania | Susquehanna County

New Report Says No Health Threats from Spills in Dimock PA
December 15, 2011December 15, 2011

In December 2009, Dimock Township (PA) resident Scott Ely, an employee of Cabot Oil & Gas drilling subsidiary GasSearch Drilling Services, made claims of hidden or ignored spills, leaking pits and shoddy practices to both state environmental regulators and Cabot officials. Ely identified 11 sites where he said such problems had occurred. Cabot contracted with URS Corp. to investigate the claims and either prove or disprove them. A final URS report has just been issued which says it found nothing in the streams, ponds and soil it sampled at levels that would pose a risk to human health.

The report (a copy is embedded below) says URS did find some substances which may indicate past spills from natural gas drilling operations, but that the substances they found do not have state-mandated limits for soil and water.

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Accidents | Coterra Energy (Cabot O&G) | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Litigation | Pennsylvania | Susquehanna County

Judge Denies Request to Restart Water Deliveries in Dimock PA
December 14, 2011December 14, 2011

Last Friday, Pennsylvania Environmental Hearing Board Judge Bernard Labuskes, Jr. denied an appeal from 11 families in the Carter Road area of Dimock Township, PA who were asking that water shipments from Cabot Oil & Gas be restored. The 11 families, from an original group of 19 families, decided to not accept a remediation solution ordered by the state Department of Environmental Protection (DEP) that directed Cabot to pay the families up to twice the value of their homes and to install filtration systems that would remove all methane from their water supplies.

Because of their ongoing refusal to accept the remediation solution offered, preferring instead to pursue litigation with Cabot, the DEP finally told Cabot they could end water deliveries to those families as of Nov. 30—deliveries that have been ongoing for more than two years.

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Accidents | Coterra Energy (Cabot O&G) | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Litigation | Pennsylvania | Susquehanna County

Dueling Press Conferences in Dimock PA
December 7, 2011December 7, 2011

In the ongoing press event that is Dimock, PA, yesterday Gasland creator Josh Fox and actor Mark Rufalo, among others, gathered in Dimock to keep up the pressure and to continue to demagogue what has really happened in Dimock. See MDN’s previous coverage for background. A brief summary of events leading up to yesterday’s dueling press conferences:

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Coterra Energy (Cabot O&G) | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Litigation | Pennsylvania | Susquehanna County

Court Tells Dimock PA Residents to Share Medical Records
November 10, 2011November 10, 2011

A group of more than 60 residents in the Dimock, PA area sued Cabot Oil & Gas in 2009 claiming they had been exposed to pollution as a result of hydraulic fracturing in the area. The lawsuit wants Cabot to pay for medical monitoring as part of the settlement, but they refused to allow Cabot access to their medical records in order to verify their claims. Last week a court told the claimants if they want Cabot to pay, they will have to share their medical records.

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Accidents | Coterra Energy (Cabot O&G) | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Susquehanna County

Final Resolution to Dimock, PA Water Problem?
October 21, 2011October 21, 2011

Dimock, PA has been a rallying cry for many who oppose shale gas drilling. For those with only a peripheral knowledge of the struggle, the word Dimock conjures up an image of nasty hydraulic fracturing fluids seeping into ground water supplies and contaminating them so they are now undrinkable by humans or animals. But such an image would be wrong.

What happened in Dimock, according to the PA State Department of Environmental Protection (DEP), is that the drilling company Cabot Oil & Gas did not properly case (enclose the bore hole), which led to methane (natural gas) escaping through cracks into the local water supply for area homes. Methane gas in water does not kill when consumed, but it can become an explosion hazard as happened with one local water well in the area.

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Chesapeake Energy | Chevron | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Pennsylvania | Range Resources Corp | Statewide PA | SWEPI | Talisman Energy

Top 7 Marcellus Shale Gas Producers in PA
October 3, 2011October 3, 2011

Who are the biggest producers of Marcellus shale gas in Pennsylvania so far this year? Below is the list of the top seven as compiled from production numbers by the Pittsburgh Business Times.

The following are production numbers for January to June 2011 in Pennsylvania.

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Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | Goodrich Petroleum | New York | Range Resources Corp | Statewide NY

NY Attorney General Schneiderman Subpoenas Shale Drillers
August 19, 2011August 19, 2011

New York’s anti-drilling Attorney General, Eric T. Schneiderman, continues to target the shale gas industry. On May 31, he filed a lawsuit in federal court seeking to force the federal government to conduct a full environmental review of hydraulic fracturing before the Delaware River Basin Commission be allowed to permit drilling in its jurisdiction (see MDN’s story here). The federal government has since asked the judge in the case to toss out the lawsuit.

Now, based on a questionable article that appeared in the New York Times, written by anti-drilling author Ian Urbina (who used an intern as one of his main sources for the article), Schneiderman is using (misusing?) the considerable power of his office to target energy companies involved with shale gas drilling by sending them subpoenas for documents to “prove” their statements on shale gas reserves are accurate. The Times article claimed energy companies knowingly overstate the production of gas wells, understate how much it costs to get the gas, and intentionally inflate numbers for how much natural gas exists in shale formations.

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Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Statewide PA

Cabot Operational Update: 81 Horizontal Marcellus Wells Producing 420-430 Mmcf of Gas Per Day
July 28, 2011July 28, 2011

Houston-based Cabot Oil & Gas just released its quarterly operations update. Cabot reports the following about its operations in the Pennsylvania Marcellus Shale region:

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Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies

New Numbers Indicate the Enormous Potential of the Marcellus Shale
June 28, 2011June 28, 2011

An editorial in the Charleston (WV) Daily Mail takes the city of Morgantown, WV to task for banning hydraulic fracturing both in and outside of its borders as “nonsense” that should be overturned by a court. The interesting part of the editorial (for MDN) is the opening statement which is a good indicator of the enormous potential of the Marcellus Shale—even larger than most people had dared hope:

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Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Statewide PA

Cabot Oil & Gas Boosts Marcellus Gas Output 35% in a Single Day with Compressor Plant Upgrades
May 31, 2011May 31, 2011

Cabot Oil & Gas recently boosted it’s daily output of natural gas from the Marcellus in Northeastern PA by a full 35 percent in just 24 hours when new sections of a compressor station went online. Cabot is now producing 420 million cubic feet (Mmcf) of natural gas per day from the Marcellus—up from 310 Mmcf. They also have two new wells producing nearly 30 Mmcf per day each—a new daily high in output for single wells for Cabot.

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Atlas Energy | Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | Pennsylvania | Range Resources Corp | Regulation | Statewide PA | SWEPI | Talisman Energy | Wastewater

PA Drillers Comply with Federal EPA’s Request for Information on Wastewater Disposal
May 27, 2011May 27, 2011

When the Pennsylvania Department of Environmental Protection (DEP) recently told Marcellus Shale drillers in the state to stop hauling wastewater from fracking to municipal sewage treatment plants that are not equipped to fully treat the wastewater by May 19 (see MDN story here), they all committed to comply and indeed did comply. But the federal Environmental Protection Agency (EPA) jumped in and demanded detailed plans from six drillers as to just how they planned on treating and disposing of the wastewater once the they stopped using the municipal plants.

The EPA’s deadline for the six drillers to file plans was Wednesday, May 25. Five of the six complied by the deadline:

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Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | Energy Services | Exxon Mobil | New York | Schlumberger | Shell | Southwestern Energy | Statewide NY

Surprise! New York State’s Pension Fund Invests $1 Billion in Shale Gas Drilling Companies
May 9, 2011May 9, 2011

In an interesting (some would say hypocritical) twist on New York State’s moratorium against drilling in the Marcellus Shale because of environmental concerns, it seems the state’s comptroller has no problem investing some of the state’s huge $140 billion pension fund in shale gas drilling operations, to the tune of $1 billion:

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Atlas Energy | Chesapeake Energy | Chief Oil & Gas | Coterra Energy (Cabot O&G) | Energy Companies | EOG Resources | Pennsylvania | Range Resources Corp | Statewide PA | XTO

Most-Fined Marcellus Shale Drillers in PA
April 18, 2011

An in-depth article that takes a look at fines for Marcellus Shale drillers in PA finds the following:
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Coterra Energy (Cabot O&G) | Energy Companies | Penn Virginia Corporation | Pennsylvania | Potter County | Tioga County (PA)

Cabot Oil & Gas Calls Marcellus Operations “Prolific”; Penn Virginia Will Drill 14 New Wells in Marcellus in 2011
February 24, 2011

More gleanings from year-end financial statements from drilling companies, this time from Cabot Oil & Gas and Penn Virginia Corporation. Of note, Cabot talks about the “prolific nature” of their 44 Marcellus gas wells, and Penn Virginia will drill their second Marcellus gas well in 2011 as they continue to shift their resources to the Marcellus with plans to drill 14 wells this year.

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