Cabot Oil & Gas Corporation is an independent petroleum

Petroleum

Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...

 and natural gas exploration and production company based in Houston, Texas

Houston, Texas

Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...

 (United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

).

Cabot Oil & Gas Corporation produced 2.8 million barrels (445,000 m³) of oil and 71 billion cubic feet (2 km³) of natural gas in 2003. The company has operations in three areas in the continental US, the Texas Louisiana Gulf coast region, the east coast (onshore) and the west in the Rocky mountain states. The CEO of Cabot Oil & Gas Corporation is Dan O. Dinges. The profit goes primarily to the major share holders with the rest being used for research and development and acquisition of new oil fields.

At the close of trading on June 20, 2008 the company was added to the S&P 500

S&P 500

The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...

 stock index.

The company has been cited for numerous violations in regard to spills of toxic hydro-fracking fluids in Northeast, PA.