Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Cabot Confirms Drilling Spending to Decline in 2012

(Corrects to show budget cut was previously announced.)

Feb. 28 (Bloomberg) -- Cabot Oil & Gas Corp., the best performer in the Standard & Poor’s 500 Index last year, confirmed that it will spend $750 million to $790 million to find and produce oil and natural gas this year, compared with $905.5 million spent in 2011. The company, based in Houston, made the statement in a filing with the U.S. Securities and Exchange Commission.

To contact the reporter on this story: Joe Carroll in Chicago at jcarroll8@bloomberg.net

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.