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SE - Cabot Oil & Gas Highlights - November 12, 2019
Cabot Oil & Gas is already weighing a potential reduction to its 2020 capex after the natural gas forward curve for the next year fell below the company’s $2.50/MMbtu price assumption. Initially, 2020 guidance was released at the end of July and called for $700-725 million in capital expenditures, including $125- 150 million in growth capital. As a result of the bearish gas outlook, Cabot is now considering a maintenance capex plan that would......
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