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

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The Houston-based natural gas producer’s offices in Charleston, and Denver will be affected bythe closings. The plan includews opening a new regional officr in Pittsburgh that will manage the Pennsylvaniz and West Virginia assets as well as thoswe in theRocky Mountains, accordinyg to Scott Schroeder, a spokesman for Schroeder says about 85 employees will be affecte by the shift, with roughly 50 being askef to move to either Pittsburg or Houston. Some North regiob operations will remain inWest Virginia. Phil the previous West region manager, has accepted the Northu regionalmanager position. Cabot will now operate from a North and Soutbhregional designation, Schroeder said.
The company its office in Alberta earlier this month to an unidentified privatew Canadian company forabout $64 million in cash and $19 millionj in new equity. Additionally, Cabot’s Gulf Coasf assets — which operate from Houstonb — will be combined with its mid-continent assets to form a new Southg region managed byMatt Reid, the currentf the Gulf Coast regional manager. In relatio to the changes, Thomas Liberatore has resigned as vice president of theEast region. Cabotr (NYSE: COG) expects to put aside betweeb $3.5 million and $5 millionn in pre-tax dollars to cover the shift.