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Cabot Oil Gas Corp (COG) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

SEC Filings

Cabot Oil Gas Corp

CIK: 858470 Ticker: COG


Exhibit 99.1
image0a07.jpg
October 9, 2018
 
FOR MORE INFORMATION CONTACT
 
 
Matt Kerin (281) 589-4642
Cabot Oil & Gas Corporation Provides Operational Update,
Announces New Takeaway Capacity on Leidy South Expansion Project

HOUSTON, Oct. 9, 2018 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") today provided an operational update on the heels of the in-service of the Atlantic Sunrise project on October 6, 2018 and announced the execution of a binding precedent agreement for new pipeline takeaway capacity on Transco’s Leidy South expansion project.

Operational Update

Due to the delay of the Atlantic Sunrise project’s in-service date from the second-half of August 2018 to October 6, 2018 and a modest change in the timing of the Company’s third-quarter pads being placed-on-production, Cabot preliminarily expects net production for the third-quarter of 2018 to be approximately 2,029 million cubic feet equivalent (Mmcfe) per day, representing a seven percent sequential increase in daily net production relative to the second-quarter of 2018 and a 19 percent increase relative to the prior-year comparable quarter on a divestiture-adjusted basis. Cabot’s current gross operated production volumes are above 2.6 billion cubic feet (Bcf) per day, representing an increase of over 400 million cubic feet (Mmcf) per day, or 19 percent, relative to the Company’s average daily gross volumes during the second-quarter of 2018. “We are excited to finally see the Atlantic Sunrise project placed in-service almost five years after the project was initially announced,” stated Dan O. Dinges, Chairman, President and Chief Executive Officer. “This project will help alleviate the infrastructure bottlenecks that we have been operating through in Northeast Pennsylvania since the summer of 2013, resulting in an improvement in basis differentials and providing a significant opportunity to deliver a combination of returns-focused growth and free cash flow generation from our Marcellus Shale assets.”

Natural gas price realizations for the third-quarter of 2018, both including and excluding the effect of hedges, are preliminarily expected to be $2.36 per thousand cubic feet (Mcf), representing a $0.54 discount to NYMEX settlement prices compared to a $0.99 discount during the third-quarter of 2017. “Our realized prices for the third-quarter came in higher than forecasted due to narrower basis differentials as fundamentals in the Northeast continued to improve,” commented Dinges. “We anticipate a further strengthening of realized

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The following information was filed by Cabot Oil Gas Corp (COG) on Tuesday, October 9, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Cabot Oil Gas Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Inside Cabot Oil Gas Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheet (Unaudited)
Condensed Consolidated Balance Sheet (Unaudited) (Parenthetical)
Condensed Consolidated Statement Of Cash Flows (Unaudited)
Condensed Consolidated Statement Of Operations (Unaudited)
Additional Balance Sheet Information
Additional Balance Sheet Information (Tables)
Additional Balance Sheet Information - Schedule Of Additional Balance Sheet Information (Details)
Asset Retirement Obligations
Asset Retirement Obligations (Tables)
Asset Retirement Obligations - Narrative (Details)
Asset Retirement Obligations - Schedule Of Aro (Details)
Capital Stock
Capital Stock - Narrative (Details)
Commitments And Contingencies
Debt And Credit Agreements
Debt And Credit Agreements (Tables)
Debt And Credit Agreements - Narrative (Details)
Debt And Credit Agreements - Schedule Of Debt (Details)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (Tables)
Derivative Instruments And Hedging Activities - Effect Of Derivative Instruments On The Condensed Consolidated Balance Sheet (Details)
Derivative Instruments And Hedging Activities - Effect Of Derivative Instruments On The Condensed Consolidated Statement Of Operations (Details)
Derivative Instruments And Hedging Activities - Offsetting Of Derivative Assets And Liabilities In The Condensed Consolidated Balance Sheet (Details)
Derivative Instruments And Hedging Activities - Outstanding Commodity Derivatives (Details)
Earnings Per Common Share
Earnings Per Common Share (Tables)
Earnings Per Common Share - Calculation Of Weighted-Average Shares Excluded From Diluted Eps (Details)
Earnings Per Common Share - Schedule Of Eps (Details)
Equity Method Investments
Equity Method Investments (Tables)
Equity Method Investments - Activity Related To Equity Method Investments (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Fair Value Of Other Financial Instruments (Details)
Fair Value Measurements - Financial Assets And Liabilities, Recurring (Details)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Reconciliation Of Changes In Fair Value Of Financial Assets And Liabilities (Details)
Financial Statement Presentation
Financial Statement Presentation (Policies)
Financial Statement Presentation (Tables)
Financial Statement Presentation - Disaggregation Of Revenue (Details)
Financial Statement Presentation - Narrative (Details)
Income Taxes
Income Taxes - Narrative (Details)
Properties And Equipment, Net
Properties And Equipment, Net (Tables)
Properties And Equipment, Net - Narrative (Details)
Properties And Equipment, Net - Schedule Of Property And Equipment, Net (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Assumptions For Tsr Shares (Details)
Stock-Based Compensation - Narrative (Details)

Material Contracts, Statements, Certifications & more

Cabot Oil Gas Corp provided additional information to their SEC Filing as exhibits

Ticker: COG
CIK: 858470
Form Type: 10-Q Quarterly Report
Accession Number: 0000858470-18-000056
Submitted to the SEC: Fri Oct 26 2018 3:43:52 AM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Crude Petroleum And Natural Gas

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