The third quarter earning report from Cabot was released Wednesday. Here are some interesting tidbits and a link to the release on their website:

>>The Company has created new third quarter benchmarks with cash flow from operations rising to $148.3 million versus $86.8 million in last year's third quarter. Discretionary cash flow totaled $161.0 million versus $121.7 million in last year's third quarter. "At a time in the business cycle when cash is king, we are pleased to be able to generate high levels of cash flow to fund our operating plan," commented Dinges.

>>"We closed our east Texas acquisition in August giving us incremental production volumes above our original expectations, with some of this increment offset by hurricane impacts related to Gustav and Ike," said Dinges.

>>A teleconference replay will also be available at (800) 642-1687, (U.S./Canada) or (706) 645-9291 (International), pass code 66519033. The replay will be available through Saturday, November 1, 2008. The latest financial guidance, including the Company's hedge positions, along with a replay of the web cast, which will be archived for one year, are available in the investor relations section of the Company's website at http://www.cabotog.com.;

>>Dinges added, "We plan to allocate over 90 percent of our 2009 capital to the Marcellus and East Texas. In each area, we have received and continue to gather significant new data points. We have been delayed somewhat in our efforts with regulatory issues in Pennsylvania and limited quantities of frac material in East Texas. However, with that being said, we are very excited about the information we have gathered in each area and look forward to receiving test information from key wells that is imminent."