Cabot Oil & Gas Corp. (NYSE: COG) announced a new joint venture with Williams Partners LP (NYSE: WPZ) to develop and construct a large diameter pipeline, specifically designed to transport Cabot's Marcellus production to both the New England and New York markets.  

Deemed the "Constitution Pipeline," this high-pressure pipeline will be capable of moving at least 500,000 Mcf per day from the heart of Cabot's Marcellus acreage in Susquehanna County, Pa., to interconnect with both Iroquois Gas Transmission and Tennessee Gas Pipeline in Schoharie County, N.Y. Williams Partners will be a ...