HOUSTON, July 29 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG)
today announced that its Board of Directors elected Edgar J. Milan as Vice
President and Chief Financial Officer and promoted James M. Trimble to the
newly created post of Senior Vice President, Exploration and Production.
Milan replaces Ray Seegmiller, who in February 1997 was promoted to Executive
Vice President and Chief Operating Officer. Milan will have overall
responsibility for directing the Company's financial activities. Trimble will
oversee the Company's expanding exploration and production efforts including
allocating resources between regions for exploration projects. Both will
report to Seegmiller.
Milan's professional background includes over 35 years of management
experience with both domestic and international energy related companies. He
most recently served as Senior Vice President & Chief Financial Officer for
Tenneco Europe Ltd., in London, England and Vice President, Tenneco, Inc.
Before joining Tenneco in 1979 as CFO of Tenneco Oil E&P, Milan held various
management positions with Mobil Oil Corporation.
Trimble joined Cabot Oil & Gas in May of 1983. He has served in several
positions of increasing responsibility over the years, most recently serving
as Vice President, Business Development and Engineering. Prior to joining the
Company, Trimble served in management positions with Volvo Energy Corporation.
Charles P. Siess, Jr., Chairman and Chief Executive Officer commented, "I
am extremely pleased with these events. Ed brings a broad base of experience
and knowledge to a senior management team committed to growing this
organization. His knowledge of the exploration and production sector
strengthens these efforts. Jim's proven leadership abilities provide the
Company with the necessary expertise at an important time in its history to
maximize the returns from its exploration and production activities. Our
successful and expanding efforts in these areas over the past two years have
led to the need for this position. I am excited to have both individuals on
our team as we make our strategic decisions to take this Company into the next
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
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
SOURCE Cabot Oil & Gas Corporation
CONTACT: Scott Schroeder, of Cabot Oil & Gas Corporation, 281-589-4993