TMCnet News
Cabot Oil & Gas Commences Free-FlowHOUSTON, April 2, 2012 /PRNewswire via COMTEX/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that it is currently producing about 200 Mmcf per day of volumes behind the Lathrop Compression station, which experienced damage by a flash fire on Thursday, March 29th. Production recommenced Friday night temporarily by-passing the compression station and Cabot has been producing continuously at that rate. The 200 Mmcf per day represents the restoration of 55 percent of the volumes that were going through Lathrop before the fire. "We are pleased with this quick turn of events and with Williams' ability to restore a significant portion of our production," said Dan O. Dinges, Chairman, President and Chief Executive Officer. "I want to commend the entire Williams organization for their handling of this matter. Their efforts have been exceptional." Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer with its entire resource base located in the continental United States. For additional information, visit the Company's Internet homepage at www.cabotog.com. FOR MORE INFORMATION CONTACTScott Schroeder (281) 589-4993 SOURCE Cabot Oil & Gas Corporation |