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Cabot Oil & Gas Announces Management Change
Jan 8, 2001

HOUSTON, Jan. 8 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) announced today that effective January 19, 2001, H. Baird Whitehead, Senior Vice President, will be leaving the Company to pursue another opportunity. Whitehead's employment with Cabot has spanned 20 years, including 14 years as an officer.

Commenting on Whitehead's resignation, Ray Seegmiller, Chairman and Chief Executive Officer, said, "Baird's contributions over the years have been numerous. I, as well as the Board, want to wish him continued success with his new organization."

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