Cabok Oil & Gas is an independent corporation that focuses on the exploitation, exploration, 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 the onshore Texas and 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.
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 has operations 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.
Cabot Oil & Gas – Company Overview
Chairman, President and CEO: Dan O. Dinges
Industry: Oil and Natural Gas
Type: Public
Listed on the New York Stock Exchange (NYSE)
NYSE stock symbol: COG
S&P 500 Component
Founded: 1989
Revenue: $1.746 billion USD (2013)
Net income: $279 million USD (2013)
Diluted earnings per share: $0.66 USD (2013)
Employees: 684 (2013)
Company head office: Three Memorial City Plaza, 840 Gessner Road, Houston, Texas, USA
Corporate contact number: 281-589-4600
Investor relations email: cabot-ir@cabotog.com
Website: http://www.cabotog.com/
Cabot Oil & Gas - Financial Results
Income data (in $ thousands)
2013
2012
Natural gas revenue
$1,405,262
$933,640
Crude oil and condensate revenue
$291,418
$227,933
Brokered natural gas revenue
$36,450
$34,005
Other revenue
$13,148
$8,968
- Total revenue
$1,746,278
$1,204,546
Operating expenses
$1,217,149
$949,048
Income from operations
$550,480
$306,133
Interest expense and other
$64,942
$68,293
Income before income taxes
$485,538
$237,840
Income tax expense
$205,765
$106,110
Net income
$279,773
$131,730
Balance sheet data (in $ thousands)
Total assets
$4,981,080
$4,616,313
Total liabilities
$2,776,478
$2,484,866
Total stockholders’ equity
$2,204,602
$2,131,447
Common share data (in $)
Earnings per Common Share – Basic
$0.67
$0.31
Earnings per Common Share – Diluted
$0.66
$0.31
Source: “Cabot Oil & Gas 2013 Annual Report Form 10-K”
Cabot Oil & Gas - Live Stock Market Data
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