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News Release

Cabot Oil & Gas Announces New Vice President
 

HOUSTON, May 17 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that its Board of Directors has elected John B. Lawman, Jr., age 41, to the position of Vice President and Regional Manager. In this capacity, Lawman will oversee exploration and production activities in the Company's Appalachian region.

Lawman joined Cabot in 1980 as Drilling/Production Engineer. Since that time, he has held various engineering and operating positions of increasing responsibility throughout the Company. These positions include District Superintendent in Meadville, Pennsylvania, Regional Manager of Operations in Oklahoma City, Oklahoma, and Marketing Account Executive in Charleston, West Virginia, where he was responsible for the Company's on-system purchased gas business. Prior to his current position, he served as Regional Manager, Appalachia. Lawman reports to H. Baird Whitehead, Senior Vice President, who previously served as Vice President and Regional Manager of Appalachia until November 1998.

"John's extensive experience in the various phases of the business and in particular his years of Appalachian experience provide us with a smooth leadership transition in this region," said Ray R. Seegmiller, Chairman and CEO. "John has been actively involved with the Appalachian management team and brings with him not only the technical knowledge of the business but also the understanding of the challenges and exploration opportunities."

Lawman received his B.S. in Petroleum Engineering in 1980 from West Virginia University.

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, visit the Company's internet home page 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 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/comp/129660.html or fax, 800-758-5804, ext. 129660
CONTACT: Scott Schroeder of Cabot Oil & Gas Corporation, 281-589-4993