Cabot Oil & Gas (COG) Misses Q4 EPS by 23c
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Cabot Oil & Gas Corporation Announces Fourth Quarter and Full-Year 2015 Financial and Operating Results, Reports 11 Percent Reserve Growth to 8.2 Tcfe, Provides Marcellus Shale Inventory Update
February 19, 2016 6:30 AM ESTHOUSTON, Feb. 19, 2016 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") today reported financial and operating results for the fourth quarter and full-year ended December 31, 2015.
"Despite a significant year-over-year reduction in capital spending, Cabot generated double-digit reserve and production growth for the sixth consecutive year while continuing to improve its industry-leading cost structure," said Dan O. Dinges, Chairman, President and Chief Executive Officer. "Finding costs and operating costs decreased 20 percent and 7 percent per unit, respectively, highlighting our capital efficient, low-cost asset base. As we previously highlighted... More
