While location building, drilling and pipeline work were not impacted, this fracing delay pushed back some completions. Currently, Cabot has ten horizontal and nine vertical wells in the queue to be completed. "We expect to frac one horizontal well per week for the remainder of the year," stated Dinges, "however, safety and environmental protection will dictate our pace."
The statements regarding future financial performance and results and the other statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including, but not limited to, market factors, the market price (including regional basis differentials) of natural gas and oil, results of future drilling and marketing activity, future production and costs, and other factors detailed in the Company's
Scott Schroeder, +1-281-589-4993, of Cabot Oil & Gas Corporation