Cabot to close two offices, shift operations - The Business Journal of Milwaukee:

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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 regiona l office in Pittsburgh that will manage the Pennsylvaniq and West Virginia assets as well as those in the Rocky Mountains, according to Scott Schroeder, a spokesman for Schroeder says about 85 employeex will be affected by the shift, with roughlyu 50 being asked to move to either Pittsburgh or Houston. Some North region operations will remainm inWest Virginia. Phil Stalnaker, the previous West regionb manager, has accepted the North regional manager Cabot will now operate from a North and Southregional designation, Schroede said.
The company its office in Calgary, Alberta earlie r this month to an unidentified private Canadiam company forabout $64 million in cash and $19 millio n in new equity. Additionally, Cabot’sd Gulf Coast assets — which operate from Houston — will be combined with its mid-continent assets to form a new South regiom managed byMatt Reid, the current the Gulf Coas regional manager. In relation to the changes, Thoma s Liberatore has resigned as vice president of the East Cabot (NYSE: COG) expectsd to put aside between $3.5 million and $5 milliom in pre-tax dollars to coverd the shift.