Exhibit

"During the quarter, Cabot successfully executed on its strategic plan of delivering a combination of positive free cash flow generation, improved return on capital employed, and disciplined growth in per share metrics, while continuing to return capital to shareholders through a combination of dividends and opportunistic share repurchases," stated Dan O. Dinges, Chairman, President and Chief Executive Officer. “Our success for the quarter was achieved despite NYMEX natural gas prices retreating to the lowest levels the industry has experienced since the second quarter of 2016, further highlighting Cabot’s ability to deliver strong financial results throughout the natural gas price cycle.”

Second quarter 2019 net income was $181.0 million, or $0.43 per share, compared to net income of $42.4 million, or $0.09 per share, in the prior-year period. Second quarter 2019 adjusted net income (non-GAAP) was $150.6 million, or $0.36 per share, compared to adjusted net income of $57.9 million, or $0.13 per share, in the prior-year period. Second quarter 2019 EBITDAX (non-GAAP) was $311.1 million, compared to $232.1 million in the prior-year period.

Second quarter 2019 net cash provided by operating activities was $326.7 million, compared to $273.9 million in the prior-year period. Second quarter 2019 discretionary cash flow (non-GAAP) was $301.9 million, compared to $196.5 million in the prior-year period. Second quarter 2019 free cash flow (non-GAAP) was $72.7 million, compared to a free cash flow deficit of $62.0 million in the prior-year period.

Second quarter 2019 natural gas price realizations, including the impact of derivatives, were $2.27 per thousand cubic feet (Mcf), an increase of six percent compared to the prior-year period. Excluding the impact of derivatives, second quarter 2019 natural gas price realizations were $2.20 per Mcf, representing a $0.44 discount to NYMEX settlement prices compared to a $0.68 discount in the prior-year period.

Second quarter 2019 operating expenses (including financing) decreased to $1.41 per Mcfe, a 24 percent improvement compared to the prior-year period. The decrease in operating expenses per unit was primarily driven by a reduction in exploration expenses, in addition to improvements in direct operations; taxes other than income; depreciation, depletion, and amortization; general and administrative; and interest expense.

Cabot incurred a total of $220.4 million of capital expenditures in the second quarter of 2019 including $213.1 million of drilling and facilities capital, $2.6 million of leasehold acquisition capital, and $4.7 million of other capital. Additionally, the Company contributed $3.3 million to its equity method pipeline investments. See the supplemental table at the end of this press release reconciling the capital expenditures during the second quarter of 2019.

For the six-month period ended June 30, 2019, net income was $443.8 million, or $1.05 per share, compared to net income of $159.7 million, or $0.35 per share, for the prior-year period. Adjusted net income (non-GAAP) was $458.4 million, or $1.08 per share, compared to adjusted net income of $186.4 million, or $0.41 per share, for the prior-year period. EBITDAX (non-GAAP) for the six-month period ended June 30, 2019 was $824.7 million, compared to $510.7 million for the prior-year period.

For the six-month period ended June 30, 2019, net cash provided by operating activities was $911.9 million, compared to $546.7 million for the prior-year period. Discretionary cash flow (non-GAAP) for the six-month period ended June 30, 2019 was $807.7 million, compared to $476.8 million for the prior-year period. Free cash flow (non-GAAP) was $381.1 million for the six-month period ended June 30, 2019, compared to $26.6 million for the prior-year period. ROCE (non-GAAP) improved to 23.5 percent for the trailing twelve months ended June 30, 2019, compared to 8.5 percent for the trailing twelve months ended June 30, 2018.

For the six-month period ended June 30, 2019, operating expenses (including financing) decreased to $1.45 per Mcfe, a 16 percent improvement compared to the prior-year period. The decrease in operating expenses per unit was primarily driven by a reduction in exploration expenses, in addition to improvements in direct operations; taxes other than income; depreciation, depletion, and amortization; general and administrative; and interest expense.

Cabot incurred a total of $424.7 million of capital expenditures during the six-month period ended June 30, 2019 including $415.4 million of drilling and facilities capital; $3.3 million of leasehold acquisition capital; and $6.0 million of other capital. Additionally, the Company contributed $5.1 million to its equity method pipeline investments during the six-month period ended June 30, 2019. See the supplemental table at the end of this press release reconciling the capital expenditures during the six-month period ended June 30, 2019.

Additionally, the Board of Directors has authorized an increase in the Company's share repurchase program by 25.0 million shares, bringing the current remaining authorization to 31.5 million shares (or approximately eight percent of its current shares outstanding). All purchases will be made in accordance with applicable securities laws from time to time in open market or private transactions, depending on market conditions, and may be discontinued at any time. "Cabot remains committed to returning a minimum of 50 percent of

its annual free cash flow to shareholders in any given year, while also preserving cash on the balance sheet to support continued opportunistic returns of capital, even in the lows of the natural gas price cycle,” noted Dinges. “Our outlook for continued positive free cash flow generation provides us confidence that we will remain an industry leader in returning capital to shareholders.”

As of June 30, 2019, Cabot had total debt of $1.2 billion and cash on hand of $241.4 million. The Company's net debt-to-adjusted capitalization ratio and net debt-to-trailing twelve months EBITDAX ratio were 29.4 percent and 0.6x, respectively, compared to 37.0 percent and 1.0x as of December 31, 2018. The Company currently has no debt outstanding under its credit facility, resulting in over $1.7 billion of liquidity.

Cabot has provided its third quarter 2019 production guidance range of 2,360 to 2,410 Mmcfe per day. The Company has also adjusted its 2019 production growth guidance to a range of 16 to 18 percent (24 to 26 percent on a debt-adjusted per share basis) due in large part to a change in the operating plan resulting from a unique opportunity to acquire acreage adjacent to an eight-well pad, allowing the Company to increase the total lateral footage on the pad by approximately 28,000 feet (increasing the average lateral length per well from 8,950 feet to 12,450 feet). “This increase in lateral lengths will improve the capital efficiency and economics of the pad; however, the longer cycle time will result in a delay in the wells being placed on production, pushing out the production contribution from this pad to late December or early January,” said Dinges.

Cabot has updated its 2019 capital budget to a range of $800 million to $820 million to reflect the incremental drilling and completion activity on the previously referenced eight-well pad and an increase in drilling activity for the year by four net wells resulting from continued efficiency gains on the Company’s three fully-contracted drilling rigs.

Additionally, the Company has updated its NYMEX price assumption range for 2019 to reflect a tighter band of expected outcomes resulting from seven months of actual NYMEX settlements year-to-date. The Company has provided updated guidance on its estimated key financial metrics based on this NYMEX price assumption range in the table below.

Cabot has provided its preliminary 2020 production growth guidance of five percent (seven to eight percent on a debt-adjusted per share basis). This production growth is based on a preliminary capital budget range of $700 million to $725 million. The Company's 2020 program is expected to deliver $375 million to $400 million of free cash flow at a $2.50 NYMEX price and $525 million to $550 million of free cash flow at a $2.75 NYMEX price. “Based on our current outlook for the natural gas market, we believe a strategy that focuses on maximizing free cash flow generation through a reduction in capital spending and production growth will create the most value for our shareholders,” explained Dinges. “This strategy, which is underpinned by disciplined capital allocation, will allow the Company to sustainably deliver a combination of free cash flow generation, high return on capital employed, consistent return of capital to shareholders, low leverage, and growth in production and reserves per share.”

This press release includes forward‐looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements regarding future financial and operating performance and results, returns to shareholders, strategic pursuits and goals, market prices, future hedging and risk management activities, and other statements that are not historical facts contained in this report are forward-looking statements. The words "expect", "project", "estimate", "believe", "anticipate", "intend", "budget", "plan", "forecast", “outlook”, "predict", "may", "should", "could", "will" and similar expressions are also intended to identify forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, market factors, market prices (including geographic basis differentials) of natural gas and crude oil, results of future drilling and marketing activity, future production and costs, legislative and regulatory initiatives, electronic, cyber or physical security breaches and other factors detailed herein and in our other Securities and Exchange Commission (SEC) filings. See "Risk Factors" in Item 1A of the Form 10-K and subsequent public filings for additional information about these risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Any forward-looking statement speaks only as of the date on which such statement is made,



	Quarter Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
PRODUCTION VOLUMES
Natural gas (Bcf)	213.8		172.4		418.6		337.0
Crude oil and condensate (Mbbl)	—		—		—		754.0
Natural gas liquids (NGLs) (Mbbl)	—		—		—		75.1
Equivalent production (Bcfe)	213.8		172.4		418.6		342.0
Daily equivalent production (Mmcfe/day)	2,349		1,895		2,313		1,890

AVERAGE SALES PRICE
Natural gas, including hedges ($/Mcf)	$	2.27	$	2.15	$	2.80	$	2.29
Natural gas, excluding hedges ($/Mcf)	$	2.20	$	2.11	$	2.64	$	2.30
Crude oil and condensate, including hedges ($/Bbl)	$	—	$	—	$	—	$	63.68
Crude oil and condensate, excluding hedges ($/Bbl)	$	—	$	—	$	—	$	64.68
NGL ($/Bbl)	$	—	$	—	$	—	$	21.49

AVERAGE UNIT COSTS ($/Mcfe)
Direct operations	$	0.08	$	0.09	$	0.09	$	0.10
Transportation and gathering	0.66		0.66		0.67		0.66
Taxes other than income	0.02		0.03		0.02		0.04
Exploration	0.02		0.32		0.03		0.17
Depreciation, depletion and amortization	0.45		0.49		0.45		0.49
General and administrative (excluding stock-based compensation)	0.08		0.09		0.08		0.10
Stock-based compensation	0.03		0.03		0.05		0.03
Interest expense	0.07		0.14		0.06		0.13
	$	1.41	$	1.85	$	1.45	$	1.72


WELLS DRILLED ⁽¹⁾
Gross	24		24		49		39
Net	24.0		24.0		49.0		39.0

WELLS COMPLETED ⁽¹⁾
Gross	28		23		42		34
Net	28.0		23.0		42.0		34.0

_______________________________________________________________________________



	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands, except per share amounts)	2019			2018			2019			2018
OPERATING REVENUES
Natural gas	$	470,482		$	364,660		$	1,103,656		$	776,768
Crude oil and condensate	—			—			—			48,722
Gain (loss) on derivative instruments	63,649			(3,668		)	71,906			1,909
Brokered natural gas	—			92,576			—			97,526
Other	(14		)	(121		)	236			1,749
	534,117			453,447			1,175,798			926,674
OPERATING EXPENSES
Direct operations	18,093			15,657			36,427			35,727
Transportation and gathering	141,689			114,189			279,022			226,314
Brokered natural gas	—			80,082			—			85,032
Taxes other than income	3,640			5,392			9,487			12,582
Exploration	4,504			54,500			10,548			58,117
Depreciation, depletion and amortization	96,147			84,910			188,405			167,038
General and administrative (excluding stock-based compensation)	16,168			15,533			32,126			34,146
Stock-based compensation⁽¹⁾	6,721			5,695			21,853			11,142
	286,962			375,958			577,868			630,098
Earnings (loss) on equity method investments	3,650			(4		)	7,334			(998		)
Gain (loss) on sale of assets	—			544			(1,500		)	(40,505		)
INCOME FROM OPERATIONS	250,805			78,029			603,764			255,073
Interest expense, net	14,567			23,328			26,748			43,386
Other expense	143			118			287			232
Income before income taxes	236,095			54,583			576,729			211,455
Income tax expense	55,086			12,152			132,957			51,793
NET INCOME	$	181,009		$	42,431		$	443,772		$	159,662
Earnings per share - Basic	$	0.43		$	0.09		$	1.05		$	0.35
Weighted-average common shares outstanding	422,141			451,055			422,626			455,361

_______________________________________________________________________________



(In thousands)	June 30, 2019		December 31, 2018
ASSETS
Current assets	$	631,330	$	544,545
Properties and equipment, net (Successful efforts method)	3,699,575		3,463,606
Other assets	232,824		190,678
	$	4,563,729	$	4,198,829
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities	$	234,026	$	287,264
Long-term debt, net	1,219,555		1,226,104
Deferred income taxes	611,163		458,597
Other liabilities	154,181		138,705
Stockholders' equity	2,344,804		2,088,159
	$	4,563,729	$	4,198,829



	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands)	2019			2018			2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	181,009		$	42,431		$	443,772		$	159,662
Deferred income tax expense	64,645			2,689			152,647			66,976
(Gain) loss on sale of assets	—			(544		)	1,500			40,505
Exploratory dry hole cost	3			51,145			16			51,085
Gain on derivative instruments	(63,649		)	3,668			(71,906		)	(1,909		)
Net cash received (paid) in settlement of derivative instruments	15,397			5,819			68,377			(20,312		)
Income charges not requiring cash	104,477			91,289			213,343			180,790
Changes in assets and liabilities	24,768			77,403			104,188			69,863
Net cash provided by operating activities	326,650			273,900			911,937			546,660

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(225,850		)	(231,014		)	(421,500		)	(387,271		)
Proceeds from sale of assets	—			323			2,346			646,868
Investment in equity method investments	(3,303		)	(27,487		)	(5,131		)	(62,905		)
Distribution of investment from equity method investments	758			—			758			—
Net cash (used in) provided by investing activities	(228,395		)	(258,178		)	(423,527		)	196,692

CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings (repayments) of debt	—			—			(7,000		)	—
Treasury stock repurchases	(125,260		)	(212,520		)	(156,638		)	(419,654		)
Dividends paid	(38,092		)	(27,071		)	(67,697		)	(54,718		)
Tax withholdings on vesting of stock awards	(987		)	(65		)	(10,557		)	(8,033		)
Capitalized debt issuance costs	(7,411		)	—			(7,411		)	—
Net cash used in financing activities	(171,750		)	(239,656		)	(249,303		)	(482,405		)
Net (decrease) increase in cash and cash equivalents	$	(73,495	)	$	(223,934	)	$	239,107		$	260,947

We report our financial results in accordance with accounting principles generally accepted in the United States (GAAP). However, we believe certain non-GAAP performance measures may provide financial statement users with additional meaningful comparisons between current results, the results of our peers and of prior periods. In addition, we believe these measures are used by analysts and others in the valuation, rating and investment recommendations of companies within the oil and natural gas exploration and production industry. See the reconciliations throughout this release of GAAP financial measures to non-GAAP financial measures for the periods indicated.

We have also included herein certain forward-looking non-GAAP financial measures. Due to the forward-looking nature of these non-GAAP financial measures, we cannot reliably predict certain of the necessary components of the most directly comparable forward-looking GAAP measures, such as future impairments and future changes in capital. Accordingly, we are unable to present a quantitative reconciliation of such forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures. Reconciling items in future periods could be significant.

Adjusted Net Income and Adjusted Earnings per Share are presented based on our belief that these non-GAAP measures enable a user of the financial information to understand the impact of these items on reported results. Additionally, this presentation provides a beneficial comparison to similarly adjusted measurements of prior periods. Adjusted Net Income and Adjusted Earnings per Share are not measures of financial performance under GAAP and should not be considered as alternatives to net income and earnings per share, as defined by GAAP.



	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands, except per share amounts)	2019			2018			2019			2018
As reported - net income	$	181,009		$	42,431		$	443,772		$	159,662
Reversal of selected items:
(Gain) loss on sale of assets	—			(544		)	1,500			40,505
(Gain) loss on derivative instruments⁽¹⁾	(48,252		)	9,487			(3,529		)	(22,221		)
Stock-based compensation expense	6,721			5,695			21,853			11,142
Severance expense	2,124			28			2,124			28
Interest expense related to income tax reserves	—			5,517			(3,052		)	5,517
Tax effect on selected items	8,998			(4,751		)	(4,315		)	(8,232		)
Adjusted net income	$	150,600		$	57,863		$	458,353		$	186,401
As reported - earnings per share	$	0.43		$	0.09		$	1.05		$	0.35
Per share impact of selected items	(0.07		)	0.04			0.03			0.06
Adjusted earnings per share	$	0.36		$	0.13		$	1.08		$	0.41
Weighted-average common shares outstanding	422,141			451,055			422,626			455,361

Return on Capital Employed (ROCE) is defined as adjusted net income (defined above) plus after-tax net interest expense divided by average capital employed, which is defined as total debt plus stockholders’ equity. ROCE is presented based on our belief that this non-GAAP measure is useful information to investors when comparing our profitability and the efficiency with which we have employed capital over time relative to other companies. ROCE is not a measure of financial performance under GAAP and should not be considered an alternative to net income.



	Twelve Months Ended June 30,
(In thousands)	2019			2018
Interest expense, net	$	56,563		$	84,127
Interest expense related to income tax reserves⁽¹⁾	5,453			(5,517		)
Tax benefit	(14,274		)	(23,966		)
After-tax interest expense, net (A)	47,742			54,644

As reported - net income	841,153			132,808
Adjustments to as reported - net income, net of tax	(38,088		)	145,012
Adjusted net income (B)	803,065			277,820

Adjusted net income before interest expense, net (A + B)	$	850,807		$	332,464

Total debt - beginning of twelve month period	$	1,522,572		$	1,521,211
Stockholders’ equity - beginning of twelve month period	2,154,174			2,642,031
Capital employed - beginning of twelve month period	3,676,746			4,163,242

Total debt - end of twelve month period	1,219,555			1,522,572
Stockholders’ equity - end of twelve month period	2,344,804			2,154,174
Capital employed - end of twelve month period	3,564,359			3,676,746

Average capital employed (C)	$	3,620,553		$	3,919,994

Return on average capital employed (ROCE) (A+B) / C	23.5		%	8.5		%

Discretionary Cash Flow is defined as net cash provided by operating activities excluding changes in assets and liabilities. Discretionary Cash Flow is widely accepted as a financial indicator of an oil and gas company’s ability to generate cash which is used to internally fund exploration and development activities, pay dividends and service debt. Discretionary Cash Flow is presented based on our belief that this non-GAAP measure is useful information to investors when comparing our cash flows with the cash flows of other companies that use the full cost method of accounting for oil and gas producing activities or have different financing and capital structures or tax rates. Discretionary Cash Flow is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating activities, as defined by GAAP, or as a measure of liquidity, or an alternative to net income.

Free Cash Flow is defined as Discretionary Cash Flow (defined above) less capital expenditures and investment in equity method investments. Free Cash Flow is an indicator of a company's ability to generate cash flow after spending the money required to maintain or expand its asset base. Free Cash Flow is presented based on our belief that this non-GAAP measure is useful information to investors when comparing our cash flows with the cash flows of other companies. Free Cash Flow is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating activities, as defined by GAAP, or as a measure of liquidity, or an alternative to net income.



	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands)	2019			2018			2019			2018
Net cash provided by operating activities	$	326,650		$	273,900		$	911,937		$	546,660
Changes in assets and liabilities	(24,768		)	(77,403		)	(104,188		)	(69,863		)
Discretionary cash flow	301,882			196,497			807,749			476,797
Capital expenditures	(225,850		)	(231,014		)	(421,500		)	(387,271		)
Investment in equity method investments	(3,303		)	(27,487		)	(5,131		)	(62,905		)
Free cash flow	$	72,729		$	(62,004	)	$	381,118		$	26,621

EBITDAX is defined as net income plus interest expense, other expense, income tax expense, depreciation, depletion and amortization (including impairments), exploration expense, gain and loss on sale of assets, non-cash gain and loss on derivative instruments, earnings and loss on equity method investments, cash distributions received from equity method investments, and stock-based compensation expense. EBITDAX is presented based on our belief that this non-GAAP measure is useful information to investors when evaluating our ability to internally fund exploration and development activities and to service or incur debt without regard to financial or capital structure. EBITDAX is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating activities or net income, as defined by GAAP, or as a measure of liquidity.



	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands)	2019			2018			2019			2018
Net income	$	181,009		$	42,431		$	443,772		$	159,662
Plus (less):
Interest expense, net	14,567			23,328			26,748			43,386
Other expense	143			118			287			232
Income tax expense	55,086			12,152			132,957			51,793
Depreciation, depletion and amortization	96,147			84,910			188,405			167,038
Exploration	4,504			54,500			10,548			58,117
(Gain) loss on sale of assets	—			(544		)	1,500			40,505
Non-cash (gain) loss on derivative instruments	(48,252		)	9,487			(3,529		)	(22,221		)
(Earnings) loss on equity method investments	(3,650		)	4			(7,334		)	998
Equity method investment distributions	4,779			—			9,508			—
Stock-based compensation	6,721			5,695			21,853			11,142
EBITDAX	$	311,054		$	232,081		$	824,715		$	510,652

The total debt to total capitalization ratio is calculated by dividing total debt by the sum of total debt and total stockholders’ equity. This ratio is a measurement which is presented in our annual and interim filings and we believe this ratio is useful to investors in determining our leverage. Net Debt is calculated by subtracting cash and cash equivalents from total debt. Net Debt and the Net Debt to Adjusted Capitalization ratio are non-GAAP measures which we believe are also useful to investors since we have the ability to and may decide to use a portion of our cash and cash equivalents to retire debt. Additionally, as we may incur additional expenditures without increasing debt, it is appropriate to apply cash and cash equivalents to debt in calculating the Net Debt to Adjusted Capitalization ratio.



(In thousands)	June 30, 2019			December 31, 2018
Total debt	$	1,219,555		$	1,226,104
Stockholders’ equity	2,344,804			2,088,159
Total capitalization	$	3,564,359		$	3,314,263

Total debt	$	1,219,555		$	1,226,104
Less: Cash and cash equivalents	(241,394		)	(2,287		)
Net debt	$	978,161		$	1,223,817

Net debt	$	978,161		$	1,223,817
Stockholders’ equity	2,344,804			2,088,159
Total adjusted capitalization	$	3,322,965		$	3,311,976

Total debt to total capitalization ratio	34.2		%	37.0		%
Less: Impact of cash and cash equivalents	4.8		%	—		%
Net debt to adjusted capitalization ratio	29.4		%	37.0		%



	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands)	2019			2018			2019			2018
Cash paid for capital expenditures	$	225,850		$	231,014		$	421,500		$	387,271
Change in accrued capital costs	(5,466		)	(17,308		)	3,168			(6,275		)
Exploratory dry hole cost	(3		)	(51,145		)	(16		)	(51,085		)
Capital expenditures	$	220,381		$	162,561		$	424,652		$	329,911



Estimated 2019 Key Financial Metrics ⁽¹⁾	$2.60 NYMEX	$2.70 NYMEX	$2.80 NYMEX
Adjusted Earnings Per Share Growth (%)	38% - 42%	45% - 49%	52% - 56%
Free Cash Flow ($mm)	$500 - $525	$550 - $575	$600 - $625
Return on Capital Employed (%)	20% - 22%	21% - 23%	22% - 24%

(1) Includes the impact of derivative instruments



July 26, 2019		FOR MORE INFORMATION CONTACT
		Matt Kerin (281) 589-4642


•	Net income of $181.0 million (or $0.43 per share); adjusted net income (non-GAAP) of $150.6 million (or $0.36 per share)


•	Return on capital employed (ROCE) (non-GAAP) for the trailing twelve months of 23.5 percent


•	Returned $163.4 million of capital to shareholders through dividends and share repurchases


•	Daily equivalent production of 2,349 million cubic feet equivalent (Mmcfe) per day, an increase of 24 percent relative to the prior-year period


•	Improved operating expenses per unit to $1.41 per thousand cubic feet equivalent (Mcfe), a 24 percent reduction relative to the prior-year period


(1)	Wells drilled represents wells drilled to total depth during the period. Wells completed includes wells completed during the period, regardless of when they were drilled.


(1)	Includes the impact of our performance share awards and restricted stock.


(1)	This amount represents the non-cash mark-to-market changes of our commodity derivative instruments recorded in Gain (loss) on derivative instruments in the Condensed Consolidated Statement of Operations.