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Cabot Oil & Gas Announces New Vice President
Jul 31, 2003

HOUSTON, July 31 /PRNewswire-FirstCall/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that its Board of Directors has elected Thomas S. Liberatore, age 46, to the position of Vice President, Regional Manager, Eastern region. Liberatore will continue to report to Mike Walen, Senior Vice President, Exploration and Production, and is responsible for exploration and production activities in the East.

Liberatore joined Cabot in January 2002 as Regional Manager, East. Before coming to Cabot, he served as vice president exploration and production for North Coast Energy. He began his career as a geologist and has held various positions of increasing responsibility for Presidio Oil Company and Belden & Blake Corporation.

"With his extensive industry knowledge and experience, Tom has made significant progress in directing our activity in the East," said Dan O. Dinges, Chairman, President and Chief Executive Officer. "He has done an outstanding job in bringing in new ideas and concepts for implementation and stimulating growth in the region. We are quite pleased to have such an accomplished professional on our management team."

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 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 .

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