Cabot Oil & Gas has been testing wells in Ashland County, and as a result, saw a need for a new branch. The company recently held a ribbon-cutting ceremony for its new office in Jeromesville, Ohio, according to the Ashland Source.

Although Cabot hasn’t formally announced any findings in Ashland County yet, opening the new office hints towards promising news.

Looking for oil and natural gas below the Utica Shale formation, the company plans to drill at least five exploratory wells by the end of the year.

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