The company continues to expand the County Line James field with another successful completion, the Timberstar Redditt number two, which was recently completed with an initial production rate of 13 million cubic feet (mcf) per day.

Dan Dinges, chairman, president and CEO of Cabot, said: This is the fifth of six horizontal James wells to have an initial production rate of nine mcf per day or better. Cabot and the pipeline operator are constructing additional takeaway capacity that is anticipated to be completed in the first quarter of 2008. This expansion of pipeline capacity will increase throughput from the field by a factor of at least three from the existing 20,000 mcf per day.

In the East Region, Cabot has reached total depth on its third horizontal well in its autumn drilling program. This well encountered a natural flow in excess of one mcf per day while drilling. The well will be hooked up to the existing infrastructure and commence production thereafter.