News Release

<< Back
Cabot Oil & Gas Announces Director Addition
Sep 2, 2003

HOUSTON, Sept. 2 /PRNewswire-FirstCall/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that C. Wayne Nance has rejoined the Company's Board of Directors. Nance resigned from the Cabot Board in March to focus his attention on the sale of Matador Petroleum, in which he was a significant shareholder and where he also served as a director.

"With the completion of Matador's sale to Tom Brown, Inc., the Board approached Wayne about returning to the Cabot Board," said Dan O. Dinges, Chairman of the Board, President and Chief Executive Officer. "Wayne's breadth of industry experience and his 11-year affiliation with the Company provide Cabot with another strong Board member."

Nance's return is effective immediately and he will serve a term which runs until his original date for retirement, under the Board's mandatory retirement policy, at the 2005 annual meeting.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading independent natural gas producer with substantial interests in the Gulf Coast, including Texas and Louisiana; the West, with the Rocky Mountains and Mid-Continent; and the East. For additional information, visit the Company's Internet 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 (including regional basis differentials) 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