HOUSTON, Aug. 30, 2018 /PRNewswire/ — Cabot Oil & Gas Corporation (NYSE: COG) today announced the election of Mr. Peter B. Delaney to its Board of Directors, effective immediately. The addition of Mr. Delaney to the Board will bring the total to nine directors, with eight qualifying as independent directors.
Mr. Delaney has a long and distinguished career in the energy and power industries, having retired in 2015 as the Chairman and Chief Executive Officer (“CEO”) of OGE Energy Corporation, where he served in various capacities since 2002. During his 8-year tenure as Chairman and CEO, OGE Energy received numerous industry awards, among them the 2012 Utility of the Year and the 2013 Edison Award, the industry’s highest honor. Mr. Delaney also served as CEO of Enogex, OGE Energy’s natural gas midstream subsidiary from 2002 to 2013, and in 2013, served on the Board, as Chairman and later as interim CEO of its successor, Enable Midstream Partners, until December 2015. Prior to his career at OGE Energy, Mr. Delaney completed a 16-year Wall Street investment banking career, most recently serving as Managing Director of UBS, Inc. from 1997-2001.
Mr. Delaney also currently serves on the Board of Directors of Panhandle Oil & Gas and several private companies in unrelated industries, as well as several charitable and community organizations. Mr. Delaney has been hailed for his exemplary service to his industry and his community with several prestigious awards, including the Arthritis Foundation Tribute to Excellence (2015), the United Way Lifetime Achievement Award (2014), Energy Biz magazine’s Utility CEO of the Year (2013) and the Journal Record Most Admired CEO of the Year (2012).
“We are delighted to add an individual with Pete’s depth of experience in our industry and in the power industry, as well as his commitment of service to the community, to our Board. Pete’s midstream and power experience is invaluable to Cabot, as is his extensive executive leadership and strategic background. We are confident that Pete will be a significant contributor to our Board and to Cabot and its shareholders in the years to come,” stated Dan O. Dinges, Chairman, President and CEO.
Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer, with its entire resource base located in the continental United States. For additional information, visit the Company’s homepage at www.cabotog.com.