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Cabot Oil & Gas Announces New Treasurer
May 7, 1997

HOUSTON, May 7 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE:COG) today announced the appointment of Scott C. Schroeder as Treasurer of the Company. Mr. Schroeder is a 1984 graduate of Northern Illinois University where he received a Bachelor of Science degree in Business Finance. He also acquired his MBA from the University of Colorado in 1991. Prior to joining COG, Mr. Schroeder served in various treasury related functions at Pride Petroleum Services and DEKALB Energy Company.

Commenting on Mr. Schroeder's promotion, Mr. Ray Seegmiller, Executive Vice President and Chief Operating Officer said, "In the time that Mr. Schroeder has been with COG, he has proven to be a valuable asset to our company and we look forward to his continued leadership as a member of the executive management team".

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading domestic independent natural gas producer and marketer with substantial interests in the Appalachia, Anadarko, Rocky Mountain and Gulf Coast regions.
SOURCE Cabot Oil & Gas Corporation
CONTACT: Scott Schroeder, 281-589-4993, or Ray Seegmiller, 281-589-4696, both of Cabot Oil & Gas Corporation