Cabot Oil & Gas Announces Management Changes

Cabot Oil & Gas Corporation 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.