Cabot Oil & Gas Corporation announced earlier this week a gift of $2.5 million to the Lackawanna College School of Petroleum & Natural Gas to help train and encourage future generations to work in northeastern Pennsylvania.
As an industry leader producing approximately 1.5 billion cubic feet of natural gas each day from the Marcellus Shale, Cabot recognizes the impact natural gas development is having on the United States and throughout the industrial sector. For the past six years, Cabot has developed this resource safely and efficiently, investing over $3 billion in Susquehanna County and in surrounding communities. But this is just the beginning for our company and for the region.
The funds from Cabot’s gift to Lackawanna College will be directed toward the creation of a $1 million endowment to provide continuing support for student scholarships and help meet the long-term needs of the school. The additional dollars will be used for state-of-the-art equipment, training, staff and faculty development, and student interactive experiences and internships.