Cabot Continues County Line Success

Cabot Oil & Gas reports another successful horizontal James well at County Line in east Texas. The Timberstar-Worsham #1 well (78% working interest) has been completed and is flowing to sales at a rate of 12.2 Mmcfe per day. The lateral length was 4,636 feet with a seven-stage frac. "To capitalize on the success in the James, we are adding capital to drill four more wells this year and plan to drill 32 wells for 2008," said Dan O. Dinges, Chairman, President and Chief Executive Officer. The field is producing at a restricted rate of approximately 19 Mmcf per day from five horizontal James wells, with two wells drilling and one well completing. Additional pipeline capacity is anticipated in the next several weeks.