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Dan O. Dinges Joins Cabot Oil & Gas as President, Chief Operating Officer And Board Member
Sep 17, 2001

HOUSTON, Sept. 17 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced that Dan O. Dinges has joined the Company as President, Chief Operating Officer and as a member of the Board of Directors. Dinges, age 47, comes to Cabot after a 20-year career with Samedan Oil Corporation, a subsidiary of Noble Affiliates, Inc. The last three years Dinges served as Samedan's Senior Vice President and Division General Manager for the Offshore Division. He also served as a member of the Executive Operating Committee for Samedan.

Dinges started his career as a Landman for Mobil Oil Corporation covering Louisiana, Arkansas and the central Gulf of Mexico. After four years of expanding responsibilities at Mobil he joined Samedan as a Division Landman - Offshore. Over the years Dinges has held positions of increasing responsibility at Samedan including Division Manager, Vice President and ultimately Senior Vice President. Dinges received his BBA degree in Petroleum Land Management from The University of Texas.

"The Board of Directors and I are extremely pleased with the addition of Dan to our executive management team," stated Ray Seegmiller, Chairman and Chief Executive Officer. "Dan's extensive experience in the Gulf Coast complements our strategic efforts over the last few years to focus more of the Company's activities on the Gulf Coast. In his role as President and COO he will work closely with me in running all aspects of Cabot's business."

The Company also announced that Michael B. Walen has been elected Senior Vice President, Exploration and Production. In this role Walen has direct responsibility for all of the Company's regional operations including the expanding exploration activities in each area. "Mike has been very instrumental in the exploration drilling success Cabot Oil & Gas has had over the past three years," said Seegmiller. Walen holds a bachelor's degree from Central Washington University and a master's from Western Washington University, both in geology.

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
Company News On-Call: http: //