Cabot Oil & Gas Corp. on Friday slashed its capital budget and pared back its production plans for 2015, as the energy company said it swung to a fourth-quarter loss amid plummeting energy prices. Cabot had posted stronger earnings in recent years as it benefited from the energy boom and last year announced plans to spend $210 million to boost acreage in the Eagle Ford Shale, a rock formation in south Texas. But oil prices have plunged since June as an oversupply from U.S. energy firms has flooded the global market. Oil prices fluctuated Friday and were headed for their first weekly loss in a month after data showed U.S. oil supplies were at an 80-year high. Cabot said it has cut its 2015 capital budget to $900 […]