Cabot to close two offices, shift operations – Houston Business Journal:

The Houston-based natural gas producer’s offices in W.Va., and Denver will be affectecd bythe closings. The plan includes opening a new regionaol office in Pittsburgh that will manages the Pennsylvania and West Virginia assets as well as thoss in theRocky Mountains, according to Scotrt Schroeder, a spokesman for Cabot. Schroeder says about 85 employees will be affected bythe shift, with roughly 50 beingy asked to move to either Pittsburgh or Some North region operations will remain in West Virginia. Phil Stalnaker, the previousd West region manager, has accepted the North regionakmanager position. Cabot will now operate from a Northu and Southregional designation, Schroeder said.
The company its office in Calgary, Albertaw earlier this month to an unidentified private Canadian companty forabout $64 million in cash and $19 milliohn in new equity. Cabot’s Gulf Coast assets — which operates from Houston — will be combinerd with its mid-continent asseta to form a new Southu region managed by Matt the current the Gulf Coasrregional manager. In relation to the changes, Thoma s Liberatore has resigned as vice president of the East Cabot (NYSE: COG) expects to put asid e between $3.5 million and $5 million in pre-taxd dollars to cover the shift.

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