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

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The Houston-based natural gas producer’s officese in Charleston, W.Va., and Denver will be affectef bythe closings. The plan includes opening a new regionalk office in Pittsburgh that will manage the Pennsylvaniza and West Virginia assetxs as well as those in theRockyu Mountains, according to Scott Schroeder, a spokesman for Cabot. Schroeder says about 85 employees will be affecte bythe shift, with roughly 50 beintg asked to move to eithefr Pittsburgh or Houston. Some North region operation will remain inWest Virginia. Phil the previous West region manager, has accepted the North regional manager position. Cabot will now operatse from a North and South regional Schroeder said.
The company its officd in Calgary, Alberta earlier this monthj to an unidentified private Canadiabn company forabout $64 million in cash and $19 milliob in new equity. Additionally, Cabot’s Gulf Coast assetse — which operate from Houston — will be combinee with its mid-continent assets to form a new South region managedf byMatt Reid, the current the Gulf Coastf regional manager. In relation to the changes, Thomas Liberatorew has resigned as vice president of theEast region. Cabogt (NYSE: COG) expects to put aside betweemn $3.
5 million and $5 million in pre-taxd dollars to cover the