News Release

Cabot Oil & Gas Announces New Vice Presidents
 

HOUSTON, Oct. 18 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) announced today that its Board of Directors has elected R. Scott Butler, age 46, to the position of Vice President, Regional Manager, Western Region, and A. F. (Tony) Pelletier, age 49, to the position of Vice President, Regional Manager, Gulf Coast Region. Butler and Pelletier report to Mike Walen, Senior Vice President, Exploration and Production, and are responsible for exploration and production activities in their respective regions.

Butler joined Cabot in 1998 as Director of Exploration and was named Regional Manager, Western Region, in February of this year. He came to Cabot following a 19-year career with Chevron where he served in roles of increasing responsibility focusing on exploration in the lower 48 states. Butler holds a bachelor's degree from Stanford University and a master's from the University of Nevada at Reno, both in geology. He is a member of the American Association of Petroleum Geologists and serves as a director-at-large for the Independent Petroleum Association of Mountain States.

Pelletier joined the Company in April as Regional Manager, Gulf Coast. Before coming to Cabot, he held positions of increasing responsibility at PetroCorp Incorporated, most recently as Executive Vice President and Chief Operating Officer. Prior to that, he worked at Exxon Company USA in a variety of engineering and supervisory capacities. Pelletier holds a B.S. in Mechanical Engineering and a master's in Civil Engineering, both from Texas A&M University. He is a registered professional engineer in the state of Texas.

"With their extensive industry knowledge and experience both Scott and Tony have already made significant progress in accomplishing our longer-term objectives in the Western and Gulf Coast regions," said Ray Seegmiller, Chairman and Chief Executive Officer. "Scott has been instrumental in expanding our exploration efforts in the Rocky Mountains, while Tony assumed an active role in the merger with Cody Company and our ongoing exploration efforts along the Gulf Coast. We are quite pleased to have such seasoned professionals on our management team."

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading domestic independent natural gas producer and marketer with substantial interests in the onshore Texas and Louisiana Gulf Coast, Rocky Mountains, Appalachia and Mid-Continent. For additional information, visit the Company's Internet homepage at www.cabotog.com .

The statements regarding future financial performance and results and the other statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including, but not limited to, market factors, the market price (including regional basis differentials) of natural gas and oil, results of future drilling and marketing activity, future production and costs and other factors detailed in the Company's Securities and Exchange Commission filings.

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SOURCE Cabot Oil & Gas Corporation
Web site: http: //www.cabotog.com
Company News On-Call: http: //www.prnewswire.com/comp/129660.html
CONTACT: Scott Schroeder of Cabot Oil & Gas Corporation, +1-281-589-4993