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Cabot Oil & Gas Corporation Announces Management Changes
Nov 2, 1998

HOUSTON, Nov. 2 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) announced today that its Board of Directors elected H. Baird Whitehead, age 48, to Senior Vice President. In his new role Whitehead will be responsible for the overall day-to-day operations of the Company.

Whitehead joined the Company in September 1980 as a Sr. Drilling Engineer and has held various senior management positions throughout the Company since then. He holds a B.S. degree in Petroleum Engineering from the University of Pittsburgh. Whitehead has successfully managed the Appalachian region's exploration and production activities for the last six years which is the Company's largest concentrated asset base.

James M. Trimble, age 50, Senior Vice President, will concentrate on the expanding exploration efforts of the Company along with Cabot Oil & Gas Corporation's ongoing acquisition focus. Trimble holds both a B.S. and M.S. from Mississippi State University in Petroleum Engineering. Trimble joined the Company in May 1983 and has served in various positions of increasing responsibility as a member of the senior management team.

Ray R. Seegmiller, President and CEO stated, "Our expanded exploration activity and our future growth expectations necessitated these changes. With our strategy focused on the drill bit, including exploration, and acquisitions, we have two seasoned professionals who have a long history with Cabot Oil & Gas to direct these efforts. Not only do these individuals have the technical knowledge of our business, they also understand the challenges and opportunities that we have within each of our operating regions."

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. For additional information about Cabot Oil & Gas, visit the Company's internet home page at http://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 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