Cabot Oil & Gas Swings Into Second-Quarter Loss on Natural Gas Prices, Maintains $900 Million Capex for 2015, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwired) -- 07/27/15 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Hit by falling prices, Marcellus and Eagle Ford natural gas Cabot Oil & Gas Corporation (NYSE:COG) (Houston, Texas) reported it swung to a $14 million net loss in second-quarter 2015, from a $118.4 million profit in the same quarter last year. However, Cabot executives say better times are ahead after the company weathers the current price trough and key projects are brought online. Industrial Info is tracking $400 million in projects involving Cabot.
Within this article: Details of Cabot's quarter and projects, including its shale gas lease drilling programs for 2015 and 2016 in Susquehanna County, Pennsylvania.
Additional companies: Williams Partners LP (NYSE:WPZ), Piedmont Natural Gas Company (NYSE:PNY), WGL Holdings Incorporated (NYSE:WGL)
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "" page.
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William Ploch
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Datum: 27.07.2015 - 10:10 Uhr
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News-ID 409186
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Equipment
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