April 17, 2012. By the end of May, Cabot Oil & Gas will have a fueling station for its fleet of vehicles that can operate on compressed natural gas (CNG), a company spokesman George Stark told the Wyoming County Chamber of Commerce during a luncheon.
He said Cabot was in the process of converting its fleet of vehicles over to operating on CNG. Cabot will have a CNG fueling station in Dimock Twp. to supply its vehicles, which can operate on gasoline or CNG.
Stark also said at the luncheon the company will scale back its production efforts. "In 2012, we're not going to spend $600 million," he said. "We're only going to spend $500 million." Cabot had 177 wells in Susquehanna County and 15 of the 20 top producing wells in Pennsylvania.
Asked by local businessman Jay Niskey if Marcellus gas could be send to Virginia via lines designed to import gas from the Gulf, Stark said anything is possible. He acknowledged recently Cabot announced a joint venture with Williams Partners to develop and construct a large-diameter pipeline, specifically designed to transport Cabot's Marcellus production to both the New England and New York markets.
Deemed the "Constitution Pipeline" this high pressure pipeline will be capable of moving at least 500.000 Mcf per day from the heart of Cabot's Marcellus acreage in Susquehanna County to interconnect with both Iroquois Gas Transmission and Tennessee Gas Pipeline in Schoharie County, N.Y.