Friday, October 02, 2009

Cabot Oil & Gas' Fracking Problems in PA

Cabot Oil & Gas (COG-$33.94) estimates that production from developed (producing) reserves will decline sequentially at projected rates of 21 percent, 17 percent, and 12 percent during the years 2009 -2011. Ergo, development of Marcellus Shale leaseholds will grow in importance to Cabot: in addition to known reserves, the region offers longer-life wells with attractive economics. How will suspension of activity in PA affect total additions to reserves?

Read More at BNET Energy….

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