Cabot Oil & Gas – Company Information
|Company||Cabot Oil & Gas Corporation|
|Headquarters||Three Memorial City Plaza, 840 Gessner Road, Suite 1400, Houston, Texas 77024, USA|
|Chairman, CEO and President||Dan O. Dinges|
|CFO||Scott C. Schroeder|
|Industry||Oil and Natural Gas|
|NYSE stock symbol||COG|
|Revenue||$2.173 billion (2014)|
|Net income||$104.468 million (2014)|
|Earnings per share||$0.25 USD (2014)|
|Corporate contact number:||281-589-4600|
|Investor relations email:||[email protected]|
Cabot Oil & Gas is an independent corporation that is active in the exploration, extraction, and production of petroleum and natural gas.
The company, which was founded in 1989, is headquartered in Houston, Texas, USA.
It is publicly traded on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘COG’.
Its assets are concentrated in areas with known hydrocarbon resources.
It is a leading independent natural gas producer, with operations in onshore Texas and the Louisiana Gulf Coast, Appalachia, Mid-Continent, and Rocky Mountains.
Development and production operations are primarily concentrated in two areas:
Eagle Ford Shale: located in south Texas, the company holds over 60,000 net acres in the oil window of the play. Net crude oil/condensate/NGL and natural gas production from the Eagle Ford was 2,164 Mbbl (thousand barrels) and 1.2 billion cubic feet (BCF), respectively in 2013.
Marcellus Shale: located in northeast Pennsylvania, it is Cabok Oil & Gas’s largest operating and growth area, with approximately 200,000 net acres in the dry gas window of the play. In 2013 net production in the Marcellus Shale was 356.5 billions of cubic feet equivalent (BCFE). It has 354.6 net wells in the area.
Cabot Oil & Gas also operates in the Marmaton Formation oil play in Oklahoma.
It primarily sells its natural gas to local distribution companies, natural gas processors, industrial customers, and gas marketers. The company’s main markets for natural gas are in the northeastern United States and the industrialized Gulf Coast area.
|Income data (in $ thousands)||2014*||2013*|
|Natural gas revenue||$1,590,625||$1,405,262|
|Crude oil and condensate revenue||$313,889||$291,418|
|Brokered natural gas revenue||$34,416||$36,450|
|– Total revenue||$2,173,011||$1,746,278|
|Income from operations||$106,186||$551,582|
|Income before income taxes||$32,401||$485,538|
|Income tax expense||$(72,067)||$205,765|
|Balance sheet data (in $ thousands)|
|Total stockholders’ equity||$2,142,733||$2,204,602|
|Common share data (in $)|
|Earnings per Common Share – Basic||$0.25||$0.67|
|Earnings per Common Share – Diluted||$0.25||$0.66|
|Cash flow data (in $ thousands)|
|Net cash provided by operating activities||$1,236,435||$1,024,526|
|Net cash used in investing activities||$(1,664,840)||$(918,207)|
|Net cash provided by (used in) financing activities||$(425,959)||$(113,655)|
|Cash and cash equivalents, beginning of year||$23,400||$30,736|
|Cash and cash equivalents, end of year||$20,954||$23,400|
*Years Ended December 31
Source: “Cabot Oil & Gas Corporation Form 10-K 2014”