After seeing more than 20,000 people attend the Cabot Picnic over the last four years, it’s time to say farewell to this monstrous event. Yes, I used the word “monstrous” because anyone who has attended, planned, set up, worked or traveled to the Picnic understand just what a huge, unique…
Natural gas is domestic, clean burning, and in the case of Pennsylvania a very local fuel. Compared to wood or oil burning methods, natural gas burns much cleaner with less CO2 emissions. Natural gas in many cases proves to be the cheaper option. For those people who are visual learners,…
This week Cabot employees from the Northeast PA office moved into their brand new 32,000 square foot office building in Montrose Pennsylvania. The new building now has enough space to hold the entire staff instead of spreading them out between several separate buildings. Over the last few years Cabot has…
In April, Cabot announced its largest philanthropic endeavor in the company’s 125+ year history, the establishment of a $2.5 million endowment for Lackawanna College School of Petroleum & Natural Gas. Since the announcement, college president Mark Volk has taken every opportunity possible to promote the school as a first-in-class program…
In an announcement on June 15th, Williams Companies Inc. announced that it is acquiring Access Midstream Partners L.P. for an estimated $6 billion in cash. Already an industry leader in pipeline and processing – owning 15,000 miles of interstate gas pipelines, 1,000 miles of NGL transportation pipelines, and more than 10,000 miles…
Frequently repeated (often on this site) are the following stats, “245,000 jobs created by oil and gas companies in Pennsylvania” and “average wage of oil and gas industry employee, $89,000” which are an important part of the story of Marcellus Shale development. Yesterday’s post highlighted oil and gas industry’s investment…