oil & gas assets
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ES - Cabot plans lower 2020 capex & production growth - October 1, 2019

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Cabot Oil & Gas unveiled its preliminary 2020 capex and operating plan in a recent presentation. The company plans to spend $700-725 million compared to an expected $800-820 million in 2019. Of the total, $575 million is for maintenance and $125-150 million is growth capital, which ensures continued generation of free cash flow. At $2.50/MMbtu NYMEX pricing, Cabot expects to generate $375-500 million in free cash flow in 2020, which is a 5.4% free......
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