chocked back and producing nearly 30 mmcf...

chocked back and producing nearly 30 mmcf...

Postby chasgas » Wed May 25, 2011 6:57 pm

Noteworthy are the two new wells that were completed and turned in-line at 29.5 and 29.7 Mmcf per day. "These two wells represent new highs for our program in the Marcellus and both of these wells and others are choked back because we have reached another temporary maximum through-put rate into the Tennessee Gas Pipeline," added Dinges.

All current volumes are being transported on Tennessee's 300 Line through various customer agreements with Cabot. "Due to significant volumes coming from the Marcellus and capacity constraints on the pipe, we expect our production in northeast Pennsylvania will be at 400 to 420 Mmcf per day until the Springville line is commissioned during the fourth quarter," stated Dinges. "These volumes clearly accelerate our current growth profile, and as such we will adjust production guidance for the second half of the year during the second quarter teleconference call in July."

http://www.cabotog.com/news.html

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