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Cabot Oil & Gas Files Shelf Registration Statement
Jul 27, 1999

HOUSTON, July 27 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that it has filed a shelf registration statement with the Securities and Exchange Commission. The shelf registration provides for the sale of debt securities, common or preferred stock and warrants in an aggregate amount of up to $400 million.

The Company filed the shelf registration in anticipation of potential capital expenditures including acquisitions, for general corporate purposes including debt repayment, and working capital needs.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration becomes effective. This news release does 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 in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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, visit the Company's internet home page at 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
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