Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company's exploration, development and production operations are primarily concentrated in three plays: the Marcellus Shale in Pennsylvania, the Eagle Ford in south Texas and the Marmaton oil play in Oklahoma. The Company also has non-core operations in various other unconventional and conventional plays throughout the continental United States. The Company's assets are concentrated in areas with hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs. In December 2012, the Company sold certain proved oil and gas properties located in south Texas. In June 2012, the Company sold a 35% non-operated working interest associated with certain of its Pearsall Shale undeveloped leaseholds in south Texas.