What is the history of Cabot Oil & Gas?

Cabot Oil & Gas has a rich history that dates back to its founding in 1989. Originally a small independent exploration and production company, Cabot gradually expanded its operations in the Appalachian Basin, primarily focusing on natural gas production. The company experienced significant growth and success throughout the years, bolstering its position in the oil and gas industry. It achieved several milestones, including the completion of its first horizontal Marcellus Shale well in 2008, marking a turning point for Cabot's operations. By implementing advanced drilling techniques, the company continued to increase its production and develop new reserves. Cabot also prioritizes community engagement, emphasizing environmental stewardship and actively investing in local communities through charitable initiatives. Today, Cabot Oil & Gas is a leading energy company with a strong track record of operational excellence and commitment to sustainable practices.