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Cabot Oil & Gas Announces New Controller
Nov 10, 1998

HOUSTON, Nov. 10 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that its Board of Directors has elected Chuck Smyth, age 52, to the position of Controller. In this capacity, Smyth will oversee all accounting and public financial reporting activities for the Company.

"Mr. Smyth's extensive accounting experience and exploration and production knowledge provide Cabot Oil & Gas with an individual capable of balancing the demands of operations with the requirements in the accounting profession," said Ray R. Seegmiller, President and CEO. "By promoting from within, we continue to build continuity in the organization and solidify the groundwork for growth through the next millennium."

Smyth joined Cabot Oil & Gas in September 1994 as Director, Internal Audit. Since that time he served as Manager, Business Analysis before being appointed to his current position. Prior to joining the Company, he worked in various positions with Mark Resources Corporation and Arthur Andersen.

Smyth received his B.B.A. in Management from Texas Christian University and M.B.A. from Texas A&M University, Kingsville. He is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

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 Mountains and Gulf Coast regions. For additional information about Cabot Oil & Gas, visit the Company's website 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 filings.
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CONTACT: Scott Schroeder of Cabot Oil & Gas Corporation, 281-589-4993