News Release

Cabot Oil & Gas Announces Director Retirement
 

HOUSTON, Nov. 13 /PRNewswire-FirstCall/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that James G. Floyd, 71, has retired from its Board of Directors citing health issues. Floyd has been a member of the Board since 2001, following a very successful career in the industry with other independent E & P firms. The retirement is effective immediately.

"I want to thank Jim for his years of dedication and service to Cabot," said Dan O. Dinges, Chairman, President and Chief Executive Officer. "His career insights and knowledge have been very helpful to me and the Cabot team as we have moved the Company forward."

Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer with substantial interests in the Gulf Coast, including Texas and Louisiana; the West, with the Rocky Mountains and Mid- Continent; the East and in Canada. For additional information, visit the Company's Internet homepage at http://www.cabotog.com.

SOURCE Cabot Oil & Gas Corporation

CONTACT: Scott Schroeder of Cabot Oil & Gas Corporation,
+1-281-589-4993