Cabot Oil & Gas Corporation, Company Intelligence Report
Cabot Oil & Gas Corporation (Cabot) is an oil and gas company, mainly engaged in the exploration, development and production activities in the US. The company's major Exploration and Production (E&P) activities in the US are focused in the northern and southern regions of the country. Its operations in the northern region are mainly spread across the areas of Appalachia and the Rocky Mountains. Cabot's operations in the southern region include its E&P activities in Texas and Oklahoma.
Apart from its E&P activities, Cabot also operates a number of midstream facilities, including gas gathering and transmission pipeline systems, which are mainly focused in the northern region. The company had a pipeline base of around 3,105 miles and storage capacity of 4.0 Billion Cubic Feet (bcf) at the end of 2011, primarily located in West Virginia. Cabot further plans to further expand its midstream infrastructure in the near future.
Key Highlights: This section provides detailed analysis on the company's overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, hedging strategies, Capex funding, geographical results of oil and gas operations.
Goals and Strategies: This section provides the upcoming goals and strategies of the company. The section mainly goals and strategies followed by the company in order to meet its upcoming goals.
SWOT: The report's SWOT section provides the internal strength, weakness, opportunities and threats of company to reflect its strategic positions in the market.
Production and Development Overview: This section highlights the company's crude oil and natural gas production forecast from its legacy and upcoming assets by region and commodity mix for next five years. The report also covers the detailed information and analysis on the company's producing and development assets.
Exploration: This section includes detailed explanation and analysis on the company's exploration assets resulted due to new discoveries, new drilling and other activities.
M&A trends: This section mainly provides information and analysis on the company's recent assets transactions, joint ventures, acquisition, and divestment activities during the last one year. This section highlights the company's status as a buyer or seller during the analyzed period.
Financial Forecast and Valuation: This section highlights the detailed financial statement forecast for next five years. With the financial statement forecast, this section also provides intrinsic value of the company by using Net Asset Valuation method.
Peer Group Analysis: This section compares the company's performance with its peer group on the basis of share prices, financial ratios, operational and financial parameters and other related parameters.
Financial and Operational Metrics: This section covers the company's historical performance on several financial and operational parameters such as Production and Reserves, Reserves Replacement, Costs Incurred, Acreage, Wells, F&D Costs, Oil and Gas Revenue and Expenses etc.
Reasons to buy
The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to -
Provide detailed analysis to those who are interested in knowing the companies' existing and future business strategies.
Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates.
Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies.
Use the analysis for strategy and planning, M&A identifications, and competitor analysis.
Valuation Report, NAV, Oil and gas valuation, Strategic Evaluation, Strategic and Operational Analysis, Forecasted financial Statements, SWOT, Capital expenditure, Market Scenario, Revenue, Financial Ratios, Production, Reserves, Peer Group Comparison, DCF, Outlook, Investment Thesis, Investment Summary, Hess
Table of Contents
1 Table of Contents
1 Table of Contents 3
1.1 List of Tables 5
1.2 List of Figures 7
2 Cabot Oil & Gas Corporation, Company Overview 9
3 Cabot Oil & Gas Corporation, Investment Summary 14
3.1 Moving Towards Oil; Development of the Eagle Ford Shale to Drive the Transition 14
3.2 Continued Focus on the Development of the Marcellus Shale to Support its Production Growth 17
3.3 Expanding Midstream Portfolio to Drive Higher Production Volumes 19
3.3.1 Williams Springville Pipeline 20
3.3.2 Laser Pipeline 20
3.3.3 Lenoxville Pipeline 20
3.3.4 New High-pressure Pipeline with Williams Partners LP 20
4 Cabot Oil & Gas Corporation, SWOT Analysis 22
4.1 Strengths 22
4.1.1 Consistent Growth in its Reserve Base Achieved through Organic Reserve Additions 22
4.1.2 Consistent Growth in Production 22
4.2 Weaknesses 23
4.2.1 Production Inclined Towards Natural Gas; Imbalanced Portfolio 23
4.3 Opportunities 24
4.3.1 Development of the Eagle Ford Shale Holds Potential to Grow Oil Production and Improve Profitability 24
4.4 Threats 25
4.4.1 High Dependence on the Marcellus Shale amid Tight Shale Drilling Norms May Affect Growth Plan 25
5 Cabot Oil & Gas Corporation, Goals and Stategies 26
5.1 Increasing Shareholders' Value 26
5.1.1 Augment Reserves and Production Volumes 26
5.1.2 Improve Cash Flows 26
5.2 Expanding Midstream Facilities 26
6 Cabot Oil & Gas Corporation, Production Overview 27
6.1 Production Profile 27
6.2 Asset Profile 28
6.2.1 The US 28
7 Cabot Oil & Gas Corporation, Exploration and Development Overview 30
7.1 Marcellus Shale 32
7.2 Eagle Ford Shale 33
7.3 Marmaton Shale 33
7.4 Utica Shale 33
8 Cabot Oil & Gas Corporation, Capital Expenditure 34
8.1 Costs Incurred 35
9 Cabot Oil & Gas Corporation, Acreage 37
10 Cabot Oil & Gas Corporation, M&A Highlights 39
11 Cabot Oil & Gas Corporation, Forecast Production and Financial Statements 40
11.1 Income Statement (2009-2016) 41
11.2 Balance Sheet (2009-2016) 42
11.3 Cash Flow Statement (2009-2016) 43
11.4 Financial Ratios 43
12 Cabot Oil & Gas Corporation, Valuation 46
12.1 Net Asset Value 46
13 Cabot Oil & Gas Corporation, Peer Comparison 49
13.1 Share Price Performance 49
13.2 Operational and Financial Performance 49
13.3 Key Financial and Operational Ratio 52
14 Cabot Oil & Gas Corporation, Production and Reserves Trends 55
14.1 Cabot Oil & Gas Corporation, Total Oil and Gas, Reserves and Production 55
14.1.1 Total Crude Oil and Natural Gas Production and Reserves Trend, 2007-2011 55
14.1.2 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2007-2011 56
14.1.3 Total Crude Oil and Natural Gas Reserve Changes, 2007-2011 58
14.2 Cabot Oil & Gas Corporation, Crude Oil/Liquids Production and Reserve 59
14.2.1 Crude Oil/Liquids Production and Reserve Trend, 2007-2011 59
14.2.2 Crude Oil Production and Reserves By Country/Region, 2007-2011 60