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Cabot Oil & Gas Elects Arthur L. Smith to Board of Directors
 

HOUSTON, Oct. 27 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) announced today the election of Arthur L. Smith to its Board of Directors. Smith, age 47, is the Chairman and CEO of John S. Herold, Inc., a petroleum research and consulting firm headquartered in Stamford, Connecticut.

Since Smith acquired control of Herold from its founder in 1984, the company has broadened its research and advisory services significantly while developing leading-edge databases and information technology. Prior to joining Herold, Smith served in institutional equity research and corporate finance at Oppenheimer and Co., Inc., The First Boston Corp. and Argus Research Corp. He is a Chartered Financial Analyst (CFA).

Smith currently serves on the Board of Directors of Plains All American Inc. and is an appointee to the National Petroleum Council. He is an active member of the Independent Petroleum Association of America and the International Association for Energy Economics.

"Art's extensive Wall Street experience lends a market perspective that complements the technical, financial and legal expertise of our current board members," said Ray R. Seegmiller, Chairman and CEO. "His in-depth knowledge of the E&P sector will be of considerable benefit as the Company enters the next millennium."

Smith joins Robert F. Bailey, Samuel W. Bodman, Henry O. Boswell, John G. L. Cabot, William R. Esler, William H. Knoell, C. Wayne Nance, P. Dexter Peacock, Ray R. Seegmiller, Charles P. Siess, Jr. and William P. Vititoe as a member of the Board of Directors.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading domestic independent natural gas producer and marketer with substantial interests in the Appalachia, Mid-Continent, Rocky Mountains and Gulf Coast basins. 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