Cabot Oil & Gas was created in 1989 and its headquarters is in Houston, Texas. The company and its subsidiaries focus on the demand of North American customers of oil and gas produce through the exploration, development and then production of such commodities. 97% of the reserves and 90% of the company’s production is on natural gas, coming from the company’s four reserves – Canada, East, Rocky Mountains and Mid-Continent of the West and in the Gulf Coast.
In terms of production, the main operation areas are also where the reserves are; in Appalachian Basin; Gulf Coast which is basically South Texas, East Texas and North Louisiana; the Rocky Mountains; the Anadarko Basin; and Western Canada. Cabot Oil & Gas uses around 2,700 miles of pipeline and it has a huge storage capacity in the east region of 4 billion cubic feet.
To meet the customers’ demands and to keep at par with the competitors, it has an extensive development and research program that allows for the companies expansion in all regions. It continues its exploration efforts to enhance its stand in the market while keeping a strong financial status allowing for the pursuit of opportunities outside its field.
The stock symbol or the ticker symbol of Cabot Oil & Gas is COG. If you are planning to do some investing in this company, do take in consideration this information. For the past 52 weeks, the price range of this company’s stock is $ 29.99 - $72.92. Currently the price plays on the mid $50’s.
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Posted at 03:58 am by
MarketMan