Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States. The company primarily focuses on the Marcellus Shale in northeast Pennsylvania with approximately 200,000 net acres in the dry gas window of the play; and the Eagle Ford Shale in south Texas with approximately 89,000 net acres in the oil window of the play. It also transports, stores, gathers, and purchases natural gas for resale. The company sells its natural gas to industrial customers, local distribution companies, and gas marketers through on and off its pipeline and gathering system, as well as to intrastate pipelines, natural gas processors, and marketing companies. As of December 31, 2014, it had proved reserves of approximately 7,401 billion cubic feet of natural gas equivalent. The company was founded in 1989 and is headquartered in Houston, Texas.