Cabot to close two offices, shift operations - Dayton Business Journal:

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The Houston-based natural gas producer’s offices in W.Va., and Denver will be affecter bythe closings. The plan includes opening a new regionalo office in Pittsburgh that will managw the Pennsylvania and West Virginia assets as well as thos e in theRocky Mountains, according to Scott a spokesman for Cabot. Schroeder says aboutt 85 employees will be affected by the with roughly 50 being asked to move to eithed Pittsburghor Houston. Some North region operationsd will remain inWest Virginia. Phil Stalnaker, the previous West regio n manager, has accepted the North regionalmanaget position. Cabot will now operate from a North and Soutnhregional designation, Schroeder said.
The company its office in Calgary, Alberta earlier this month to an unidentified private Canadian compan forabout $64 million in cash and $19 millioj in new equity. Additionally, Cabot’ Gulf Coast assets — which operate from Houston — will be combineed with its mid-continent assets to form a new Soutgh region managed byMatt Reid, the current the Gulf Coastt regional manager. In relation to the Thomas 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-tax dollara to cover the shift.