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Cabot Oil & Gas Declares Dividend
Jan 21, 2005

HOUSTON, Jan. 21 /PRNewswire-FirstCall/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that its Board of Directors declared a regular dividend of four cents ($0.04) per share on the Company's common stock. The dividend will be paid February 21, 2005, to all shareholders of record as of the close of business February 7, 2005.

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; the East and an expansion effort in Canada. For additional information, visit the Company's Internet homepage at www.cabotog.com.

SOURCE  Cabot Oil & Gas Corporation
    -0-                             01/21/2005
    /CONTACT:  Scott Schroeder of Cabot Oil & Gas Corporation,
+1-281-589-4993/
    /Web site:  http://www.cabotog.com /
    (COG)

CO:  Cabot Oil & Gas Corporation
ST:  Texas
IN:  OIL
SU:  DIV

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0104 01/21/2005 16:05 EST http://www.prnewswire.com