News Release

Cabot Oil & Gas Announces Executive Promotion
 

HOUSTON, March 20, /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that Ray R. Seegmiller has been appointed Executive Vice President and Chief Operating Officer. In his new role, Mr. Seegmiller will oversee the operations, business development, engineering and financial activities of the Company. Mr. Seegmiller's professional background includes 28 years of senior management experience with manufacturing and energy companies.

Charles P. Siess, Jr., Chairman and Chief Executive Officer stated that, "since Mr. Seegmiller joined Cabot Oil & Gas Corporation in June of 1995 as Vice President, Chief Financial Officer and Treasurer, his leadership has helped reposition Cabot Oil & Gas Corporation as an expanding successful player in the exploration and production industry. Going forward, Mr. Seegmiller will continue to report to me handling the day-to-day operations of the Company while I will focus on the overall strategic direction of the organization and the management of the other corporate staff functions."

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading domestic independent natural gas producer and marketer with substantial interests in the Appalachia, Anadarko, Rocky Mountain and Gulf Coast regions. For additional information about the Company, visit COG's internet home page at http:// www.cabotog.com.
SOURCE Cabot Oil & Gas Corporation
CONTACT: Scott Schroeder, 281-589-4993 or Ray Seegmiller, 281-589-4696, both of Cabot Oil & Gas