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Cabot Oil & Gas (COG) Earnings Report: Q3 2015 Conference Call Transcript

third quarter 2015 earnings conference call and webcast.


(Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Mr Dan Dinges, Chairman, President and CEO. Please, go ahead. Dan Dinges (Chairman, President, CEO): Thank you, Carrie. Good morning to all. I appreciate you joining us on this third quarter earnings call. I do have the Management team gathered with me and also, as usual, the forward-looking statements included in this morning's release do apply to my comments today. We would like to touch upon a couple of financial and operating highlights from the third quarter that were outlined in the release this morning. First, the equivalent net production for the third quarter was 1.544 Bcf -- excuse me, billion cubic foot equivalent per day, an increase of 7% as compared to the third quarter of 2014. Year-to-date, our production volumes have increased 19% relative to the first nine months of 2014. Operating cash flow, discretionary cash flow and EBITDAX were $146 million, $150 million and $168 million respectively. All of these financial metrics were lower...