Cabot Oil & Gas (COG) Reports In-Line Q4 EPS

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Cabot Oil & Gas Corporation Announces Fourth Quarter and Full-Year 2016 Results, Reports Five Percent Proved Reserves Growth to 8.6 Tcfe, Provides Marcellus EUR Update

February 24, 2017 6:30 AM EST

HOUSTON, Feb. 24, 2017 /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, 2016.  

Highlights

Equivalent production growth of four percent year-over-year Proved reserves growth of five percent year-over-year including proved developed reserves growth of 16 percent Total company all-sources finding and development costs of $0.37 per thousand cubic feet equivalent (Mcfe) and Marcellus-only all-sources finding and development costs of $0.26 per thousand cubic feet (Mcf) Generated positive free cash flow... More