Cabot Brings In $188M For Oil, Gas Assets

Law360, New York (October 17, 2013, 3:38 PM EDT) -- Texas natural gas producer Cabot Oil & Gas Corp. has sold off some of its noncore Mid-Continent and West Texas oil and gas assets in two separate deals that will net the company a combined $188 million, Cabot announced Thursday.

In the larger of the two deals by far, Cabot sold 66,000 net acres in its Marmaton play in Oklahoma and Texas to independent upstream oil and gas company Chaparral Energy Inc. for $160 million. The assets are currently producing 2,000 barrels of oil equivalent per...
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