Cabot Oil and Gas (COG) reported that the company is producing in excess of 400 million cubic feet of natural gas per day from properties in the Marcellus Shale. The company attributed the increase to additional capacity added recently to the Lathrop Compressor Station.
Cabot Oil and Gas said the company previously produced at a rate of 310 million cubic feet per day from the Marcellus Shale prior to the added capacity. The company can now produce up to 420 million cubic feet per day.
Cabot Oil and Gas also reported that two recent Marcellus Shale wells produced at initial rates of 29.5 and 29.7 million cubic feet per day.