Cabot Oil & Gas Corp. (COG)

Cabot Oil & Gas Corporation engages in the development, exploitation, and exploration of oil and gas properties in North America. It primarily operates in northeast Pennsylvania and in West Virginia; the Green River and Washakie Basins in Wyoming and the Paradox Basin in Colorado; and in east and south Texas, Oklahoma, and north Louisiana. The company also transports, stores, gathers, and produces natural gas for resale. As of December 31, 2009, it had proved reserves of approximately 2,060 billion cubic feet of natural gas equivalents. The company was founded in 1989 and is headquartered in Houston, Texas.

For the nine months ended 30 September 2006, Cabot Oil & gas Corporation's revenues increased 29% to $590.3M. Net income before accounting change totaled $289.5M, up from $89.8M. Revenues reflect an increase in the sale of Crude Oil & Natural Gas due to rise in natural gas sales price and higher natural gas production. Net income also reflects increased gross margin, a decrease in exploration expenses and an increase in gain on sale of assets.