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Point of View: US sweet-gas plays remain attractive
11/11/2002
Michael B. Walen over the last several years has helped to transform Cabot Oil & Gas Corp., Houston from a low-risk development driller to a growth-oriented exploration company with an emphasis on the Gulf Coast and Rocky Mountains, primarily in sweet-gas plays.At Cabot one change has been the increased use of 3D seismic and workstations to evaluate prospects. For instance, "In 1997, Cabot had one workstation and 100 sq. miles of 3D seismic," Walen said. "Now every geoscientist has a workstation and Cabot has about 10,000 sq. miles of 3D data."Cabot Oil & GasCabot Oil & Gas Corp. was organized in 1989 as the successor to the oil and gas business of Cabot Corp., founded more than a 100 yea...
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