Get Stock Quote Here Cabot Oil & Gas Corporation is a petroleum, natural gas, and natural gas liquids exploration and production company based in Houston, Texas. As of December 31, 2015, 96% of the company's proved reserves were natural gas and 92% were in the Marcellus Shale. In 2015, the company produced 600 billion cubic feet equivalent of natural gas. The company operates in the Marcellus Shale in Pennsylvania, where it controls approximately 200,000 net acres as well as in the Eagle Ford Shale, where it controls approximately 89,000 net acres.