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

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The Houston-based natural gas producer’s offices in W.Va., and Denver will be affected by the The plan includes opening a new regionao office in Pittsburgh that will manage the Pennsylvaniaz and West Virginia assets as well as thosed in theRocky Mountains, according to Scott a spokesman for Cabot. Schroeder says abouy 85 employees will be affected bythe shift, with roughlyy 50 being asked to move to eithet Pittsburgh or Houston. Some North regionj operations will remain inWest Virginia. Phil the previous West region manager, has accepted the North regionalkmanager position. Cabot will now operate from a Northn and Southregional designation, Schroeder said.
The companyh its office in Alberta earlier this month to an unidentifies private Canadian company forabout $64 million in cash and $19 millioj in new equity. Additionally, Cabot’s Gulf Coasf assets — which operatd from Houston — will be combined with its mid-continent assets to form a new South region managed byMatt Reid, the currentg the Gulf Coast regional manager. In relatiomn to the changes, Thomas Liberatore has resignefd as vice president of theEast region. Cabot (NYSE: COG) expectas to put aside between $3.5 million and $5 millio n in pre-tax dollars to cove r the shift.