Cabot to hike Pennsylvania Marcellus program

By OGJ editors
HOUSTON, Dec. 9 -- Cabot Oil & Gas Corp., Houston, plans to boost production from Devonian Marcellus shale in northeastern Pennsylvania in the next few weeks from the current 13 MMcfd as it hooks up six vertical and three horizontal wells.

Meanwhile, the company expects to expand to eight rigs in 2009 from the five currently working.

Cabot's first horizontal Marcellus well came on line at 6.4 MMcfd after a six-stage frac in its 2,000-ft lateral. Measured total depth is 8,925 ft.

Marcellus drilling totals 18 wells, 4 of them horizontal. The 2009 program calls for 16 vertical and 7 horizontal wells. Four vertical and 3 horizontal wells remain to be drilled in 2008.

Typical costs are $1.3-1.5 million for a vertical well and $2.6-2.9 million for a horizontal well. Average footage is 7,200 vertically and 2,200 ft laterally.

The company has laid 10 miles of pipeline and started up one compressor with a second unit standing by as produced volumes warrant.

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