文档介绍：a Clear
Sense of
Direction
cabot oil & gas corporation 2009 annual report
Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent
natural gas producer, with its entire resource base located in the continental United States. The
Company’s North Region is based in Pittsburgh, Pennsylvania and is responsible for the Pennsylvania,
West Virginia, and Rocky Mountain assets. The South Region office, located in Houston, Texas, is
responsible for the Texas and Mid-Continent assets.
a clear sense of direction > 01
Cabot’s clear sense
of direction has
positioned pany
to focus its 2010 efforts
on executing in some of
the hottest plays.
2 < cabot oil & gas corporation
a clear sense of direction > 03
to our shareholders:
Last year I ments about the high degree of
uncertainty facing the munity across all
sectors, including a near shut down of the credit markets.
While national and international challenges continue to
exist for business and the financial markets, I am pleased
to report, Cabot not only weathered the crisis very well,
but thrived in 2009.
The weather vane on the front cover inctly symbolizes the strategic steps Cabot took in
2009 – defining our sense of direction and focus. As we focused investments towards new
initiatives, our existing regional footprint was not geographically conducive for existing field
operations and therefore, lacked efficiency regarding allocation of our talented workforce. In
response, pany specifically:
n Sold its Canadian operations in April refocusing efforts solely in the lower 48
n Created a new north and south regional designation to streamline reporting and create
operating efficiencies
n Closed its west region office in Denver consolidating those operations in both Pittsburgh
(Rocky Mountains) and Houston (Mid-Continent)
n Closed its West Virginia region office in Charleston and consolidated it to Pittsburgh
n Relocated its corpor