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Cabot Oil & Gas Corporation Announces Officer Promotion
Feb 27, 2006

HOUSTON, Feb. 27 /PRNewswire-FirstCall/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced the appointment of Michael B. Walen to the new position of Senior Vice President, Chief Operating Officer. Walen has most recently served as Senior Vice President of Exploration and Production, in charge of the Company's operations.

Walen is an 18-year employee of the Company and has held positions in all three of the domestic regions in which Cabot operates. He holds a bachelor's degree from Central Washington University and a Master's degree from Western Washington University, both in geology.

"Mike has been a tremendous asset to the Company, especially as we have transitioned our drilling program over these last few years," said Dan O. Dinges, Chairman, President and CEO. "His leadership has been and will continue to be an integral part of the future success of our operations."

Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading North American exploration and production independent. The company's reserves are focused in both conventional & unconventional basins including the East, the West (Rocky Mountain and Mid-Continent), the Gulf Coast (South and East Texas to North Louisiana) and in Canada. For additional information, visit the Company's Internet homepage at www.cabotog.com.

SOURCE Cabot Oil & Gas Corporation
02/27/2006

CONTACT: Scott Schroeder, 1-281-589-4993, for Cabot Oil & Gas Corporation

3925 02/27/2006 12:35 EST http://www.prnewswire.com