Cabot Oil & Gas Corp

Cabot Oil & Gas Corporation is an oil and gas company headquartered in Houston, Texas, United States. It is an independent firm that engages in the development and exploration of petroleum and natural gas using petroleum geology. The company went public in 1990, and Cabot Oil & Gas Corporation shares began trading on the New York Stock Exchange (NYSE) under the ticker symbol of “COG”. COG stocks became a member of the S&P 500 index in 2008. As of 2019, the company held 12.903 trillion cubic feet of total proved reserves. Since its inception in 1989 to the year 2020, COG has continued to grow and expand its operations in the US through acquisitions. It acquired Washington Energy Resources in 1994, in a transaction of $180 million. Its largest acquisition till date took place in 2001 when COG bought-off Cody Energy for $230 million. Over the years, COG has also divested its assets. It sold its oil reserves and lands in northwest Pennsylvania in 1997, in a transaction worth $92.5 million. Its assets in Oklahoma and West Texas were sold-off for $160 million in 2013. 2018 saw its latest divestment when the company sold its Eagle Ford assets for $765 million to Venado Oil & Gas and KKR & Co. COG is also a member of business and industry trade groups that ensure the advancement of the industry and promote educational initiatives. Some of its memberships include American Exploration and Production Council (AXPC), Independent Petroleum Association of America (IPAA), American Petroleum Institute (API), US Oil & Gas Association (USOGA), among others. Oil & Gas Awards recognised COG as the E&P Company of the Year, Northeast in 2019. As of 2020, Cabot Oil & Gas Corporation ranked 1990th on Forbes’ list of Global 2000 companies.