Oct
Cabot Oil And Gas Corporation Valuation Report, June 2010 – Strategic And Operational Analysis
Summary
Cabot Oil and Gas Corporation (Cabot) is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas assets in North America. During 2009 the company reorganized its segments into two regions including the North Region and the South Region. The North Region includes the companys Rocky Mountain and Appalachian Basin assets and the South Region includes the Anadarko basin and assets in Texas and Louisiana. Cabots two largest fields include the Brachfield Southeast in East Texas (Southern Region) and Dimock in Susquehanna County, Pennsylvania (Northern Region). Each of these fields accounted for more than 15% of the companys total proved reserves at the end of 2009. Additionally, the company is focusing its drilling and production activities in the Angie field of East Texas (South Region) 2009 onwards. Together, the Brachfield, Dimock and Angie fields contributed almost 43% to the companies total proved reserves at the end of 2009. Further, the company sold all of its Canadian properties to a private Canadian company in April 2009.
Scope