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Cabot Oil & Gas Elects James G. Floyd to Board of Directors
Jul 18, 2001

HOUSTON, July 18 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) announced today the election of James G. Floyd to its Board of Directors. Floyd, age 64, recently retired from the positions of President, Chief Executive Officer and Director of The Houston Exploration Company, an oil and gas exploration company headquartered in Houston, Texas.

Prior to joining The Houston Exploration Company in 1986, Floyd served in managerial positions of increasing responsibility at Seagull Energy Corporation and Houston Oil & Minerals. During his 39-year career, he has also worked as an independent geologist and as a petroleum geologist for Amaco. After serving in the U.S. Navy, Floyd received his B.S. and M.S. degrees in geology from the University of Florida.

"Jim's extensive knowledge of the oil & gas industry complements the technical, financial and legal expertise of our current board members," said Ray R. Seegmiller, Chairman and Chief Executive Officer. "We welcome his counsel in the ever changing E&P business and will appreciate the insight he brings as an experienced geologist."

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading domestic independent natural gas producer and marketer with substantial interests in the onshore Texas and Louisiana Gulf Coast, Rocky Mountains, Appalachia and Mid-Continent. For additional information, visit the Company's Internet homepage at .

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 (including regional basis differentials) 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: //
CONTACT: Scott Schroeder of Cabot Oil & Gas Corporation, +1-281-589-4993
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