News Release

Cabot Oil & Gas Declares Dividend
 

HOUSTON, May 3, 2011 /PRNewswire via COMTEX/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that its Board of Directors declared a regular dividend of three cents($0.03) per share on the Company's common stock. The dividend will be paid May 24, 2011 to all shareholders of record as of the close of business May 17, 2011.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer with its entire resource base located in the continental United States. For additional information, visit the Company's Internet homepage at http://www.cabotog.com/.

FOR MORE INFORMATION CONTACT

Scott Schroeder (281) 589-4993

SOURCE Cabot Oil & Gas Corporation