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Cabot Oil & Gas Details 2014 Capex Budget, Year-end 2013 Financial Results

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February 24, 2014

Cabot Oil & Gas Corp. (NYSE: COG) detailed its 2014 capex budget, and also detailed its year-end 2013 financial update, on Feb. 21.

The current year’s capex budget will be reduced to the range of $1.3-$1.4 billion, down from the $1.375-$1.475 billion range, due to an effort to hold the Marcellus rig count at six rigs for the year, the company said.

Regarding 2014 production guidance, it remains at 519-598 billion cubic feet equivalent (Bcfe), on 30%-50% production growth at the midpoint of 2013’s production guidance, the company said. This ...

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