Houston-based Cabot Oil & Gas is an independent exploration and production company with operations in Appalachia. At year-end 2019, Cabot's proved reserves were 12.9 trillion cubic feet of equivalent, with net production of approximately 2,500 million cubic feet of natural gas per day. All of Cabot’s production is Marcellus dry natural gas.
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David Meats, CFA, is director of research, energy and utilities, for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.Before joining Morningstar in 2014, Meats was an associate analyst for Raymond James. Previously, he worked as a geophysicist for Burren Energy, a London-based exploration and production firm, and Italian multinational oil and gas firm Eni SpA, which acquired Burren in 2008.Meats holds an undergraduate degree in physics from the University of Nottingham, a master's degree in petroleum geoscience from Royal Holloway, University of London, and a master's degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.