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North American Oil Industry Expecting Impressive Growth as 2018 Production Forecast Nears 11 Million Barrels Per Day - Seite 3

Cabot Oil & Gas Corporation (NYSE: COG) closed up Monday at $28.88 trading over 6.9 million shares by the market close. The company recently announced that its Board of Directors declared a 20 percent increase in its regular quarterly dividend to six cents ($0.06) per share on the Company's common stock. The dividend will be paid on February 7, 2018 to all shareholders of record as of the close of business on January 24, 2018. "Today's decision to increase the Company's dividend for the second consecutive year highlights our commitment to increasing our return of capital to shareholders," commented Dan O. Dinges, Chairman, President and Chief Executive Officer. "We firmly believe that our strong balance sheet and our ability to deliver double-digit growth per debt-adjusted share from our Marcellus Shale asset while generating positive free cash flow will allow us to continue to return capital to shareholders through sustainable dividend growth and opportunistic share repurchases."

Chesapeake Energy Corporation (NYSE: CHK) closed up on Monday at $4.28 trading over 33 million shares by the market close. Chesapeake is one of the largest oil and natural gas producers in Oklahoma, with field offices in Woodward, Waynoka, Weatherford, Kingfisher and Lindsay supporting more than 2,000 employees. Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

Transocean Ltd. (NYSE: RIG) closed up on Monday at $12.20 trading over 12 million shares by the market close. Transocean Ltd. announced in late December that the harsh environment semisubmersible Transocean Spitsbergen was awarded a 22-well contract with an estimated duration of 33 months; plus two one-well options in the Norwegian North Sea with Statoil Petroleum ASA. The estimated firm backlog associated with the contract is approximately $286 million, which excludes opportunities for performance incentives. The contract is expected to commence in the third quarter of 2019.  Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.