The 2009 drilling program is on schedule to spud 18 additional horizontal wells between now and year-end. Presently, eight rigs are drilling with a ninth preparing to spud a well. "At this point we have three wells completing and 12 waiting on completion or pipeline," commented Dinges. "I am extremely pleased with the latest results and the pace of progress as our new team transitions to our new regional office in Pittsburgh."
Dan O. Dinges is Chairman, President and Chief Executive Officer of Cabot Oil & Gas Corporation.