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Cabot Oil & Gas Announces Change in Board of Directors
Dec 9, 1999

HOUSTON, Dec. 9 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced the resignation of Board member Samuel W. Bodman, 61, effective immediately. Bodman was instrumental in forming the Company and has been a valued member of Cabot's Board of Directors since the Company went public in 1990. Bodman cited time constraints as his reason for resigning from the Board.

"We appreciate all the time, effort and years of leadership that Sam has dedicated to Cabot Oil & Gas," said Ray R. Seegmiller, Chairman and CEO. "Through the years, his many contributions helped develop Cabot as an independent E&P company. We wish him all the best in his future endeavors."

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading domestic independent natural gas producer and marketer with substantial interests in the Appalachia, Rocky Mountain, Mid-Continent and Gulf Coast basins. For additional information about Cabot Oil & Gas Corporation, visit the Company's homepage 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