Cabot Oil & Gas raises 2013 production growth guidance view to 50%-55%

Cabot Oil & Gas (COG) says it recently achieved a new gross production record in the Marcellus shale of 1.5B cf/day, prompting it to raise its 2013 production growth guidance range to 50%-55% from 44%-54%; 2014 production growth guidance remains unchanged at 30%-50%.

COG also agrees to provide 350M btu/day of natural gas to the Dominion Cove Point LNG Terminal for 20 years commencing on the project's in-service date scheduled for 2017.

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