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CABOT OIL & GAS CHAIRMAN TO ASSUME PRESIDENT'S DUTIES

 CABOT OIL & GAS CHAIRMAN TO ASSUME PRESIDENT'S DUTIES
 HOUSTON, Jan. 14 /PRNewswire/ -- Cabot Oil & Gas Corporation


(NYSE: COG) announced today that Charles P. Siess Jr. will assume the duties of president and chief operating officer, effective Feb. 1, 1992, in addition to those he holds as chairman of the board and chief executive officer of COG.
 Siess has served as chairman and CEO since December 1989; through an initial public offering of stock in February 1990; and a successful exchange offer in March 1991 at which time Cabot Oil & Gas became a 100 percent publicly owned, NYSE-listed entity.
 Siess was previously president, CEO and vice chairman of Marathon Manufacturing Company; president and CEO of APCO Oil Corporation; and a director of both Northwest Energy Corporation and Northwest Pipeline Company. In addition, Siess currently serves on the board of directors of Cabot Corporation; Camco, Inc; and the Rowan Companies, Inc.
 Siess is succeeding J. Henry Tanner, who is retiring.
 Tanner, who first joined COG in 1968, had served as president and chief operating officer of the company since December 1989.
 According to Siess, "Henry has made a tremendous and invaluable contribution to this organization during his nearly 25 years of service to Cabot Oil & Gas.
 "As such," Siess said, "we thank Henry for the numerous contributions he has made over the past quarter century to the growth and development of the company, and particularly for the instrumental role he has played in launching Cabot Oil & Gas as a separately traded public company these past two years."
 He added, "We respect Henry's decision to retire at this time, and we are pleased that he had agreed to make himself available to the company as a consultant to assist in an orderly transition."
 Cabot Oil & Gas is a leading domestic, independent natural gas producer headquartered in Houston, Texas, with regional offices located in Pittsburgh, Pa.; Charleston, W.Va. and Oklahoma City, Okla.
 -0- 1/14/92
 /CONTACT: Roger Klatt, 713-589-4636, or Steve Tholen, 713-589-4696, both of Cabot Oil & Gas; or Lou Resweber of Hill and Knowlton, Inc., 713-623-5033, for Cabot Oil & Gas/
 (COG) CO: Cabot Oil & Gas Corporation ST: Texas IN: OIL SU: PER


FC -- NY074 -- 9758 01/14/92 17:27 EST
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Date:Jan 14, 1992
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