NYSE, COG - Cabot Oil & Gas Corp
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the
development, exploitation and exploration of oil and gas properties located in
North America. Our five principal areas of operation are the Appalachian Basin,
onshore Gulf Coast, including south and east Texas and north Louisiana, the
Rocky Mountains, the Anadarko Basin and the deep gas basin of Western Canada.
Operationally, we have four regional offices located in Houston, Texas;
Charleston, West Virginia; Denver, Colorado; and Calgary, Alberta.
Net income for 2007 of $167.4 million, or $1.73 per share, was lower than the
prior year?s net income of $321.2 million, or $3.32 per share, by $153.8
million, or 48%. The year-over-year net income decrease was primarily due to the
recognition of a gain on sale of assets of $231.2 million ($144. ...
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