Higher produced equivalent volumes, together with stronger prices,
increased revenues. The company reported 22.2 billion cubic feet of natural gas equivalent of production, which is reportedly the highest quarterly level Cabot has reported since its asset sale in 2006.
The higher production was complemented by a 7% increase in total natural gas price realizations and a 62% increase in total oil price realizations between first quarter comparative periods.
Dan Dinges, chairman, president and CEO of Cabot Oil & Gas, said: The quarter was marked by positive momentum in production and commodity prices, along with new highs for our stock price.
