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Cabot Oil & Gas Announces New Regional Manager
Feb 4, 2002

HOUSTON, Feb. 4 /PRNewswire-FirstCall/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that Thomas S. Liberatore, age 45, has been appointed to the position of Regional Manager, East. In this capacity, Liberatore will oversee exploration and production activities in the Company's Eastern region.

Liberatore joins Cabot after serving most recently as vice president exploration and production for North Coast Energy. He began his career as a geologist and has held various operating positions of increasing responsibility for Presidio Oil Company and Belden & Blake Corp.

"Tom's knowledge of the Eastern region, combined with his technical expertise in geology, will help direct our exploration activity in the East," said Ray R. Seegmiller, Chairman and Chief Executive Officer. "Tom brings strong management experience to a team that has extensive knowledge of the basin."

Liberatore received his B.S. in Geology from West Virginia University. He is a member of the American Association of Petroleum Geologists and has held numerous positions, including president and treasurer, for the Independent Oil and Gas Association of West Virginia. Liberatore is also a member of several additional regional professional organizations.

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 .

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
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CONTACT: Scott Schroeder of Cabot Oil & Gas, +1-281-589-4993