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News Release

Cabot Oil & Gas Corporation Announces New Officers
 

HOUSTON, May 19 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) announced today that its Board of Directors elected Abraham Garza, age 50, to Vice President, Human Resources and Michael Walen, age 49, to Vice President and Regional Manager of the Gulf Coast operation.

Garza joined the Company in August, 1995 as Director, Human Resources and has assumed additional responsibilities since then including Payroll and Building Management. "In his role at Cabot Oil & Gas, Mr. Garza has been instrumental in placing competitive benefit programs which have enabled the Company to attract and retain high quality personnel in this time of intense labor competition.", commented Ray R. Seegmiller, President and CEO. Garza possesses a Bachelors degree from Sam Houston State University, Huntsville, Texas.

Walen joined Cabot in April, 1987 as a Senior Geologist for its Rocky Mountain operation. During his tenure he has held various positions of increasing responsibility while working in three of Cabot's four core operating areas. Seegmiller stated, "With Mr. Walen's extensive knowledge of the Company, complimented by his geologic background, he is well qualified to lead the recently established Gulf Coast region, that has grown substantially over the past three years." As Vice President and Regional Manager, Walen will be primarily responsible for continuing this growth through the ongoing exploration and development drilling programs in the Gulf Coast region. Walen holds a Bachelors degree from Central Washington State and a Masters degree from Western Washington State, both in geology.

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.

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 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.
SOURCE Cabot Oil & Gas Corporation
Web site: http: //www.cabotog.com
Company News On-Call: http: //www.prnewswire.com or fax, 800-758-5804, ext. 129660
CONTACT: Scott Schroeder of Cabot Oil & Gas Corporation, 281-589-4993