Cabot Oil & Gas Corp. (COG) said that the lawsuit filed by a group of Dimock residents is without merit.
A group of Dimock residents sued the company, alleging that the gas wells drilled by the company in that area damage their property and water supplies.
Brushing aside these claims, Cabot said it continues to cooperate with the Pennsylvania Department of Environmental Protection or DEP to ensure protection of residents and their property.
The company said it recently entered into a consent order and agreement with the DEP to provide further assurance that its activities are conducted in full compliance with DEP-administered environmental protection laws.
Dan Dinges, chairman, president and chief executive officer, said, "While we respect the right of any resident to seek a judicial solution for a legitimate issue, we see no merit in these claims and are disappointed that these citizens felt it necessary to proceed in this fashion. We do not believe this matter will impact our continuing operations in the area."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.