Out Fox The $treet

Despite prolific Marcellus shale wells detailed in the fourth-quarter earnings review, Cabot Oil & Gas ( NYSE: COG     ) made a recent decision to expand drilling assets in the Eagle Ford. The company continues to face infrastructure and price realization issues in the Marcellus that are impacting short-term investment decisions. In six short years, the company has already reached total production in the Marcellus shale of 1 trillion cubic feet on only 290 wells. Even more interesting, the company has 51 wells in various stages of reaching production, including waiting on pipelines and completions. Based on that data and recent Eagle Ford drilling results, maybe investors shouldn't be surprised by the move to add a rig and capital spending to oil production in that area. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

In reporting its fourth quarter results, Cabot Oil & Gas Corporation ( NYSE: COG     ) again confirmed the high quality of its assets, but the report also highlighted a lingering problem. Cabot continues to produce monster wells in the Marcellus shale, yet it can't get market prices due to infrastructure snags. Similar to other firms, Cabot is reducing the projected 2014 capital spending budget while improving performance. In addition, the company is holding back on further expanding the Marcellus drilling program to seven rigs due in part to lack of infrastructure forcing the company to curtail growth efforts. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details.