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Cabot Oil & Gas Declares Dividend
Oct 28, 1999

HOUSTON, Oct. 28 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) 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 November 26, 1999, to all shareholders of record as of the close of business November 12, 1999.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading domestic independent natural gas producer and marketer with substantial interests in the Appalachia, Mid-Continent, Rocky Mountains and Gulf Coast basins. For additional information, visit the Company's internet home page at www.cabotog.com.
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