Cabot Oil & Gas Corporation announces that the Pennsylvania Department of Environmental Protection (PADEP) has lifted its order and the Company will promptly recommence fracing operations in Susquehanna County, Pennsylvania. "During this three-week assessment period, we have worked closely with the PADEP to develop improved control measures," said Dan O. Dinges, Chairman, President and Chief Executive Officer. "I am very pleased with this resolution and our opportunity to get back to work."
While location building, drilling and pipeline work were not impacted, this fracing delay pushed back some completions. Currently, Cabot has ten horizontal and nine vertical wells in the queue to be completed. "We expect to frac one horizontal well per week for the remainder of the year," stated Dinges, "however, safety and environmental protection will dictate our pace."