Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 8 Key Information 8 Company Overview 8 Cabot Oil & Gas Corporation, Valuation and Financial Data 9 Cabot Oil & Gas Corporation, Share Price Performance 9 Share Price Performance, Q2, 2015-Q2, 2016 9 Cabot Oil & Gas Corporation, Key Valuation Metrics 10 Key Valuation Metrics, Q2, 2015-Q2, 2016 10 Cabot Oil & Gas Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 11 Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 12 Cabot Oil & Gas Corporation, Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13 Cabot Oil & Gas Corporation, Quarterly Production Trends 14 Cabot Oil & Gas Corporation, Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 15 Cabot Oil & Gas Corporation, Crude Oil Production 16 Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 16 Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 17 Cabot Oil & Gas Corporation, Natural Gas Production 18 Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 18 Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 19 Cabot Oil & Gas Corporation, Valuation and Financial Data, 2011-2015 20 Cabot Oil & Gas Corporation, Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 Cabot Oil & Gas Corporation, Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 Cabot Oil & Gas Corporation, E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Acquisition Costs By Country/Region, 2011-2015 39 Exploration and Development Costs, By Country/Region, 2011-2015 40 Oil and Gas Cost Per boe, US$/boe 42 Oil and Gas Cost Per boe, US$/boe, 2011-2015 42 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44 Cabot Oil & Gas Corporation, Reserve Replacement Ratio 46 Oil and Gas Production Replacement Ratio 46 Oil and Gas Production Replacement Ratio, 2011-2015 46 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48 Cabot Oil & Gas Corporation, Results of Oil & Gas Operations Trend 52 Oil and Gas Revenue and Expenses 52 Oil and Gas Revenue and Expenses, 2011-2015 52 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53 Oil and Gas Revenue and Expenses, Per boe 58 Oil and Gas Revenue and Expenses, By boe, 2011-2015 58 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59 Oil and Gas Performance Metrics 63 Cabot Oil & Gas Corporation, Land Holdings and Well Data 64 Developed and Undeveloped Acreage 64 Gross and Net Developed and Undeveloped Acreage, 2011-2015 64 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65 Well Statistics 68 Producible Oil and Gas Well, 2011-2015 68 Producible Oil and Gas Well, By Country/Region, 2011-2015 69 Exploration and Development Wells Drilled, 2011-2015 73 Recent Developments 74 Cabot Oil & Gas Corporation - Recent Developments 74 Jul 29, 2016: Cabot Oil & Gas Announces Second Quarter 2016 Financial And Operating Results 74 Jul 05, 2016: Cabot Oil & Gas Announces New Long-Term Sales Agreement To Supply Lackawanna Energy Center 76 Apr 29, 2016: Cabot Oil & Gas Announces First Quarter 2016 Financial And Operating Results 77 Apr 22, 2016: New York DEC Denies Water Quality Certification For Proposed Constitution Pipeline 79 Feb 19, 2016: Cabot Oil & Gas Announces Fourth Quarter And Full-Year 2015 Financial And Operating Results, Reports 11 Percent Reserve Growth To 8.2 Tcfe, Provides Marcellus Shale Inventory Update 80 Feb 02, 2016: Cabot Oil & Gas Provides Fourth Quarter and Full Year 2015 Operational Update, Announces Updated 2016 Operating Plan and Capital Budget 82 Dec 02, 2015: Cabot Oil & Gas Corporation Announces New Directors 83 Oct 28, 2015: UGI Energy Services Announces Completion Of The Auburn Loop 84 Oct 23, 2015: Cabot Oil & Gas Announces Third Quarter 2015 Financial And Operating Results 84 Jul 24, 2015: Cabot Oil & Gas Announces Second Quarter 2015 Financial And Operating Results 86 Appendix 89 Methodology 89 Coverage 89 Secondary Research 89 Primary Research 89 Data Information Sources 90 Company Source 90 SEC/Other Regulatory Filings 90 Other Sources 90 Expert Panel Validation 90 Data Definition 90 Oil and Gas Reserves 90 Units of Measure 91 About GlobalData 91 Disclosure 91 Disclaimer 91

List of Tables Table 1: Cabot Oil & Gas Corporation, Key Facts 8 Table 2: Cabot Oil & Gas Corporation, Share Price Performance, Q2, 2015-Q2, 2016 9 Table 3: Cabot Oil & Gas Corporation, Key Valuation Metrics, Q2, 2015-Q2, 2016 10 Table 4: Cabot Oil & Gas Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11 Table 5: Cabot Oil & Gas Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 12 Table 6: Cabot Oil & Gas Corporation, Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13 Table 7: Cabot Oil & Gas Corporation, Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 14 Table 8: Cabot Oil & Gas Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15 Table 9: Cabot Oil & Gas Corporation, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16 Table 10: Cabot Oil & Gas Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17 Table 11: Cabot Oil & Gas Corporation, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18 Table 12: Cabot Oil & Gas Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19 Table 13: Cabot Oil & Gas Corporation, Share Price Performance, 2011-2015 20 Table 14: Cabot Oil & Gas Corporation, Key Valuation Metrics, 2011-2015 21 Table 15: Cabot Oil & Gas Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: Cabot Oil & Gas Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: Cabot Oil & Gas Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: Cabot Oil & Gas Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: Cabot Oil & Gas Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: Cabot Oil & Gas Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: Cabot Oil & Gas Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: Cabot Oil & Gas Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: Cabot Oil & Gas Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: Cabot Oil & Gas Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: Cabot Oil & Gas Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: Cabot Oil & Gas Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: Cabot Oil & Gas Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Table 28: Cabot Oil & Gas Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41 Table 29: Cabot Oil & Gas Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Table 30: Cabot Oil & Gas Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45 Table 31: Cabot Oil & Gas Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Table 32: Cabot Oil & Gas Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51 Table 33: Cabot Oil & Gas Corporation, Revenue and Expenses, US$ mil, 2011-2015 52 Table 34: Cabot Oil & Gas Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57 Table 35: Cabot Oil & Gas Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Table 36: Cabot Oil & Gas Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62 Table 37: Cabot Oil & Gas Corporation, Oil and Gas Performance Metrics, 2011-2015 63 Table 38: Cabot Oil & Gas Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Table 39: Cabot Oil & Gas Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 67 Table 40: Cabot Oil & Gas Corporation, Producible Oil and Gas Wells, 2011-2015 68 Table 41: Cabot Oil & Gas Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 72 Table 42: Cabot Oil & Gas Corporation, Exploratory and Developed Wells, 2011-2015 73 List of Figures Figure 1: Cabot Oil & Gas Corporation, Share Price Performance, USD/Share, Q2, 2015-Q2, 2016 9 Figure 2: Cabot Oil & Gas Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 10 Figure 3: Cabot Oil & Gas Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11 Figure 4: Cabot Oil & Gas Corporation, Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 13 Figure 5: Cabot Oil & Gas Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 14 Figure 6: Cabot Oil & Gas Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15 Figure 7: Cabot Oil & Gas Corporation, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16 Figure 8: Cabot Oil & Gas Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17 Figure 9: Cabot Oil & Gas Corporation, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18 Figure 10: Cabot Oil & Gas Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19 Figure 11: Cabot Oil & Gas Corporation, Share Price Performance, USD/Share, 2011-2015 20 Figure 12: Cabot Oil & Gas Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: Cabot Oil & Gas Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: Cabot Oil & Gas Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: Cabot Oil & Gas Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: Cabot Oil & Gas Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: Cabot Oil & Gas Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: Cabot Oil & Gas Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: Cabot Oil & Gas Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: Cabot Oil & Gas Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: Cabot Oil & Gas Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: Cabot Oil & Gas Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: Cabot Oil & Gas Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: Cabot Oil & Gas Corporation, Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: Cabot Oil & Gas Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: Cabot Oil & Gas Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: Cabot Oil & Gas Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: Cabot Oil & Gas Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: Cabot Oil & Gas Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: Cabot Oil & Gas Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: Cabot Oil & Gas Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 32: Cabot Oil & Gas Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 33: Cabot Oil & Gas Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42 Figure 34: Cabot Oil & Gas Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 44 Figure 35: Cabot Oil & Gas Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2011-2015 44 Figure 36: Cabot Oil & Gas Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 45 Figure 37: Cabot Oil & Gas Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46 Figure 38: Cabot Oil & Gas Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48 Figure 39: Cabot Oil & Gas Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48 Figure 40: Cabot Oil & Gas Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 41: Cabot Oil & Gas Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 42: Cabot Oil & Gas Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 43: Cabot Oil & Gas Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 44: Cabot Oil & Gas Corporation, Revenue and Expenses, US$ mil, 2011-2015 52 Figure 45: Cabot Oil & Gas Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53 Figure 46: Cabot Oil & Gas Corporation, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53 Figure 47: Cabot Oil & Gas Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 48: Cabot Oil & Gas Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 49: Cabot Oil & Gas Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55 Figure 50: Cabot Oil & Gas Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 51: Cabot Oil & Gas Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 56 Figure 52: Cabot Oil & Gas Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 53: Cabot Oil & Gas Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Figure 54: Cabot Oil & Gas Corporation, Exploration Expenses per boe, By Country/Region, $/boe, 2011-2015 59 Figure 55: Cabot Oil & Gas Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2011-2015 59 Figure 56: Cabot Oil & Gas Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2011-2015 60 Figure 57: Cabot Oil & Gas Corporation, Annual Net Income per boe, By Country/Region, $/boe, 2011-2015 60 Figure 58: Cabot Oil & Gas Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2011-2015 61 Figure 59: Cabot Oil & Gas Corporation, Total DD&A per boe, By Country/Region, $/boe, 2011-2015 61 Figure 60: Cabot Oil & Gas Corporation, Total Revenue per boe, By Country/Region, $/boe, 2011-2015 62 Figure 61: Cabot Oil & Gas Corporation, Oil and Gas Performance Metrics, 2011-2015 63 Figure 62: Cabot Oil & Gas Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Figure 63: Cabot Oil & Gas Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 64: Cabot Oil & Gas Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 65: Cabot Oil & Gas Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 66 Figure 66: Cabot Oil & Gas Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 66 Figure 67: Cabot Oil & Gas Corporation, Producible Oil and Gas Wells, 2011-2015 68 Figure 68: Cabot Oil & Gas Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 69 Figure 69: Cabot Oil & Gas Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69 Figure 70: Cabot Oil & Gas Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 70 Figure 71: Cabot Oil & Gas Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 70 Figure 72: Cabot Oil & Gas Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 71 Figure 73: Cabot Oil & Gas Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71 Figure 74: Cabot Oil & Gas Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 72 Figure 75: Cabot Oil & Gas Corporation, Exploratory and Developed Wells, 2011-2015 73