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Cabot Oil & Gas Elects P. Dexter Peacock to Board of Directors
Sep 1, 1998

HOUSTON, Sept. 1 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced the election of P. Dexter Peacock to its Board of Directors. Peacock retired as a partner of Andrews & Kurth in 1997 after joining the law firm in 1975 and serving as Managing Partner of the firm from 1986 to 1991.

In his law practice, Peacock specialized in corporation, finance, and securities law. He represented mainly oil and gas companies, oil service companies, and gas transmission and gathering companies. Prior to joining Andrews & Kurth, he served in the United States Marine Corps.

Peacock is currently a director-suplente of YPF Sociedad Anonima, the former Argentine national oil company, a director of Maxus Energy Co., and a director of Chase Bank of Houston. He also serves as a director and member of the Executive Committee and Chairman of the Legal Committee of the Coastal Conservation Association.

"Peacock's strong oil and gas transactions background complements the technical expertise of our current board members," said Ray R. Seegmiller, President and CEO. "His successful track record will contribute valuable strategic understanding of our industry. We are honored that he has chosen to serve on our Board of Directors."

Peacock joins Robert F. Bailey, Samuel W. Bodman, Henry O. Boswell, John G. L. Cabot, William R. Esler, William H. Knoell, C. Wayne Nance, Ray R. Seegmiller, Charles P. Siess, Jr., and William P. Vititoe as a member of the Board of Directors.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading domestic independent natural gas producer and marketer with substantial interests in the Appalachia, Anadarko, Rocky Mountain, and Gulf Coast regions. For additional information about Cabot Oil & Gas Corporation, visit the Company's internet homepage at http://www.cabotog.com .

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 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: //www.cabotog.com
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EDITOR'S NOTE: Please note that in the third paragraph the word Anonima should have an accent over the letter o
CONTACT: Scott Schroeder of Cabot Oil & Gas Corporation, 281-589-4993