Breaking News

Nomura, MUFJ-MS, Goldman, JPMorgan to Lead Japan Post IPO
Tweet TWEET

Cabot Celebrates Vast Impact of CNG Investment

                Cabot Celebrates Vast Impact of CNG Investment

Regional, Statewide and National Benefits of Compressed Natural Gas
Demonstrated at Major Event

PR Newswire

SPRINGVILLE, Pa., Aug. 15, 2013

SPRINGVILLE, Pa., Aug. 15, 2013 /PRNewswire/ -- Cabot Oil & Gas Corporation
hosted a Natural Gas Celebration to highlight the benefits of expanded natural
gas usage across northeastern Pennsylvania. The event featured displays by
companies and organizations throughout the region that are using natural gas
in their equipment and products, as well as displays from local colleges that
have expanded their course offerings to meet the growing demand for employees
in the industry.

The topics covered by the speakers at the event included the growth of jobs
and small businesses in the region, education and training by area colleges
for students interested in the natural gas industry, the increased usage of
natural gas in operating equipment and vehicles, and the economic impact of
the industry throughout northeastern Pennsylvania.

Additionally, Cabot Oil & Gas Corporation celebrated the opening ofthe first
CNG fueling station in Susquehanna County for Cabot to fuel their 60 vehicles,
and showcasing drilling and fracturing equipment that run on natural gas. In
addressing the commitment Cabot has to the area and their roots that keep
growing in the region, Gary Hlavinka, the company's Regional Operations
Manager said, "Cabot's strategic approach to gas development has enabled our
company to produce unprecedented amounts of natural gas from the 'sweet spot'
of the Marcellus Shale deposit. Because of our production success and the
innovative way we operate, our investment in the region continues to grow.
This CNG fueling station and the equipment on display here are examples both
of our deepening roots and our application of the latest technology as an
industry leader."

Other speakers addressed how the expanded access to natural gas in the region
has resulted in many benefits including:

  oDecreased use of gasoline and diesel replaced with less expensive CNG that
    is allowing companies to reduce costs and individuals to save money at the
    pump
  oUse of a fuel that is cleaner for the environment and is reducing
    dependency on foreign fuels
  oGrants from the Department of Environmental Protection to help businesses
    and individuals convert their vehicles and build CNG fueling stations
  oA growing need for engineers to design natural gas engines and the
    mechanics to keep them operating
  oExpanded course offerings from colleges and universities around the area
    to meet the workforce needs of the industry and to provide maintenance
    training on the new natural gas vehicles and fueling stations in the area
  oExpanded infrastructure across northeastern Pennsylvania that will
    continue spurring innovation and economic growth for years to come

Representatives of local, state and federal elective offices attended the
event as well as numerous industry and business leaders from throughout the
region and the Commonwealth. Patrick Henderson, Energy Executive, Office of
Governor Tom Corbett although unable to attend, provided the following
statement, "Governor Corbett appreciates Cabot Oil & Gas' efforts to bring
together so many community stakeholders for the CNG Celebration in
Springville, PA. With representatives from large and small employers, along
with leaders from PA higher education institutions, and other community
leaders, this event provides a great forum to highlight both the current and
future job growth and education opportunities presented by the safe and
responsible development of the Marcellus Shale."

Mark Volk, President of Lackawanna College, which offers a curriculum in the
study of petroleum & natural gas, stated, "Our school recognizes the nearly
limitless growth potential the natural gas industry offers students. Our goal
at Lackawanna College is to educate the next generation of leaders in an
industry that offers great promise for our region, our state and indeed our
nation. Lackawanna College is committed to working in strong partnership with
Cabot to ensure that this promise is realized in all our students."

ANGA, America's Natural Gas Alliance, and other industry organizations were
represented at the event. Amy Farrell, vice president of market development at
America's Natural Gas Alliance said, "Steps by Cabot and other ANGA members to
use natural gas in a range of applications from fueling vehicle fleets to
powering drilling equipment just shows our industry's commitment to the
benefits of using natural gas." She then continued, "This clean, abundant and
affordable resourceoffers immense benefits to our customers in power
generation, industrial applications and transportation fleets and it also
makes our own operations cleaner and less costly. We are thrilled to support
Cabot at their CNG Celebration."

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading
independent natural gas producer with its entire resource base located in the
continental United States. For additional information, visit Cabot's blog at
www.wellsaidcabot.com



SOURCE Cabot Oil & Gas Corporation

Website: http://www.wellsaidcabot.com
Contact: George Stark, george.stark@cabotog.com, (281) 589-4600
 
Press spacebar to pause and continue. Press esc to stop.