A decade in the Marcellus
Earlier this month we announced something pretty incredible: since beginning operations in Susquehanna County, Cabot has paid its landowners more than $1 billion in royalties. And that figure doesn't even include the nearly $500 million paid out in signing bonuses for their leases. For our latest WNEP Power to Save segment, we took a deeper look at what has been accomplished in ten years and to celebrate these milestones with the community. Donna Williams, a farmer and Cabot landowner, shares her story of what the natural gas development on their property has meant to her and her family. Not only…
U.S. energy consumption projections through 2040
Today we're taking a look at the U.S. Energy Information Administration’s 2017 Annual Energy Outlook. In addition to a look through the year 2040, we can also see trends from 1980 until present day. In the Energy Outlook, we get a glimpse of the history of our nation’s energy consumption as well as a prediction for upcoming decades all the way up to 2040. The United States energy consumption is expected to remain somewhat flat in terms of growth. According to the Energy Information Administration (EIA), overall energy consumption is expected to rise 5% from 2016 to 2040. While energy…
Cabot Announces $1 billion in Royalties
Pennsylvania Landowners Have Received More Than $1 Billion In Royalties, Nearly $500 Million In Bonuses From Cabot Cabot Officials Celebrate Milestone With Residents, Community Leaders MONTROSE, Pa. (June 6, 2017) – During an update to the community and elected officials, Cabot Oil & Gas Corporation announced several major milestones from its past decade of operations in the region. This ten-year look-back included the announcement that to date, more than $1 billion has been paid in royalties to landowners in Susquehanna and Wyoming Counties and nearly $500,000,000 has been paid out in signing bonuses since Cabot commenced operations in 2006. "Cabot…