Cabot Oil and Gas (COG +1.7%) says its Marcellus operations surpassed 1B cubic ft./day of gross...

|About: Cabot Oil & Gas Corporation (COG)|By:, SA News Editor

Cabot Oil and Gas (COG +1.7%) says its Marcellus operations surpassed 1B cubic ft./day of gross production for the first time vs. ~780M cubic ft./day in late October. COG also says it agrees to sell four South Texas fields to an undisclosed third party for ~$29M. The production news prompts Ladenberg Thalmann to raise its price target to $58 from $54.