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Cabot Oil & Gas Corporation Announces Pricing and Upsizing of Public Offering of Common Stock
Feb 22, 2016

HOUSTON, Feb. 22, 2016 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") today announced that it has priced an upsized public offering of 44,000,000 shares of its common stock at a price to the public of $20.00 per share. The Company has also granted the underwriters a 30 day option to purchase up to 6,600,000 additional shares of common stock.  The offering is expected to close on February 26, 2016, subject to customary closing conditions. The Company expects to use the net proceeds from the offering for general corporate purposes, including repaying indebtedness under the Company's revolving credit facility, bolstering liquidity and funding a portion of the Company's capital program.

J.P. Morgan, BofA Merrill Lynch and Citigroup are acting as joint book-running managers for the offering.  The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission ("SEC"). The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by sending a request to (i) J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at, (ii) BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or by email at, or (iii) Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; by email at; or Toll-Free at (800) 831-9146.

Alternatively, copies of these documents may be obtained by visiting EDGAR on the SEC website at

This news release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading independent natural gas producer with its entire resource base located in the continental United States.

Statements in this news release that are not historical facts, including but not limited to those relating to the proposed public offering, the use of proceeds from the proposed public offering and other matters relating to the public offering, and other statements that are not historical facts are forward-looking statements that are based on current expectations. Although Cabot believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include results of operations, market conditions, capital needs and uses and other risks and uncertainties that are beyond Cabot's control, including those described in the prospectus and prospectus supplement, Cabot's Annual Report on Form 10-K for the year ended December 31, 2015 and its other filings with the SEC. Any forward-looking statement speaks only as of the date on which such statement is made and Cabot undertakes no obligation to correct or update forward-looking information.

Matt Kerin (281) 589-4642


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SOURCE Cabot Oil & Gas Corporation