“Marcellus Shale: Giant Well Parade In Susquehanna County”

Cabot Oil and Gas says production in the Marcellus “sweet spot” is larger than previously thought. The company says it plans 3,000 new well sites in Susquehanna County.

Cabot Oil & Gas’s (fourth quarter COG) results report last Thursday (February 21, 2013) was nothing short of spectacular – positive surprises were many and significant and explain the stock’s 11% rally on Friday. In the context of the North American natural gas supply, Cabot is a relatively small player: the company ranked as #19 U.S. natural gas producer based on net volumes during Q3 2012.

Read more at: seekingalpha.com

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