Cabot Oil and Gas Corp

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In September, 2008, Houston, Texas-based Cabot Oil and Gas Corp. was reported to be actively drilling in Susquehanna County, Pennsylvania. It paid a fine to the Susquehanna River Basin Commission of $375,000 for not complying with limits on water withdrawal for wells in Dimock and Springville townships. As of this date, a dozen well pads have been set up along state Route 3023, the road that winds through Dimock and Springfield south of Montrose, Pennsylvania. The company reportedly holds permits for drilling 18 more wells there.

The 183 acres Ken Ely farm in Dimock Twp. is the site of six of the wells.

Another Cabot site in Dimock was in the news in January, 2009, the Norma Fiorentino farm on Route 2024, where a natural gas explosion was reported. A later January report indicated methane had been found in water wells in four residences along Carter Road. A hydro-geologist had been hired by the company to investe how gas could have migrated through the supply from a nearby gas well site.

The Marcellus shale is at one of its thickest point in Susquehanna County, Pa.

Cabot has also been reported active in Sullivan County, New York where there is a reservoir that contributes to New York City's drinking water supply.

An October, 2008 report indicated Cabot had the following activity in the Marcellus shale:

• 4 rigs in operation
• 14 wells drilled
• 6 wells producing

A November, 2008 report stated that both Cabot and Chesapeake Energy have been active leasing drilling rights in Wayne County, Pennsylvania, although so far there has been virtually no drilling activity in that County.

An early December, 2008 report indicated Cabot had recently drilled its first horizontal Marcellus test well in West Virginia. It had a depth of 8,925 feet and a horizontal segment at 2,000 feet with a six-stage frac. The initial flow rate was 6.4 million cubic feet per day.

The company had a number of other Marcellus wells underway by year-end 2008 that are in various stages of completion.

Cabot's President and CEO is Dan O. Dinges.

Ken Komoroski is spokesman for Cabot and also an attorney from Pittsburgh.