Cabot provides operations update

Cabot Oil & Gas Corporation announced a continued high level of success at County Line, along with laying out its accelerated plans for Marcellus and Haynesville during the remainder of 2008 and into 2009.

At County Line in East Texas, Cabot completed its 19th successful well in as many attempts. The latest three wells, which were completed, were drilled on the western side of the acreage near the middle of the leasehold and had initial production rates of 14.1, 17.3, and 16.4 Mmcfe per day. Cabot is currently drilling three wells and completing a fourth.

During the second quarter and throughout the remainder of the year we will be moving the program south as planned once the infrastructure is complete, said Dan O. Dinges, Chairman, President and Chief Executive Officer.

County Line is right on track. Additionally in the fourth quarter, we will test this James Lime trend with a horizontal well at Trawick using the same technology we apply at County Line.

Source : http://www.cabotog.com/