Phil Stalnaker fills an important role for Cabot Oil & Gas.
Stalnaker, vice president and manager-north region, and his team will help the Houston, Texas-based E&P company determine where to drill next as Cabot prepares to double its natural gas production in the Marcellus Shale in Pennsylvania.
But Stalnaker is getting nervous as Cabot looks to double production by late 2018, as new infrastructure projects come online, according to his boss.
Cabot will be the biggest beneficiary of the two pipelines waiting for final approvals. Williams is hoping the Atlantic Sunrise pipeline will be approved by the end of 2017 which when completed will give Cabot access to the Transco pipeline which runs to the south to the Carolinas and Georgia.
The second pipeline is The Constitution pipeline which is run into New York and up to New England. It will take much longer for the construction of this pipeline.
Bloomberg Business News just published an article that states that the Constitution will probably be approved in the next two years of oil equivalent per day. That was 58% oil, 24% natural gas and 18% natural gas liquids, the company said.
Cabot is one of the most successful drillers in the Marcellus. I’m sure it will reach these goals.