In response to continued weakness in Rocky Mountain natural gas prices, Cabot has shut-in 10 Mmcf per day of the region's gas production for the month of October. "This represents the portion of our Rocky Mountain production that is not covered by our hedge portfolio," commented Dinges. "Before taking this action, we were pleased to have returned to pre-divestiture total Company daily production volumes of above 240 Mmcfe per day."
Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer with substantial interests in the Gulf Coast, including Texas and Louisiana; the West, with the Rocky Mountains and Mid-Continent; the East and in Canada.
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