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CABOT OIL & GAS ELECTS TWO DIRECTORS

 CABOT OIL & GAS ELECTS TWO DIRECTORS
 HOUSTON, July 23 /PRNewswire/ -- Cabot Oil & Gas Corporation


(NYSE: COG) announced today the election of William R. Esler and C. Wayne Nance to the board of directors effective July 22, 1992. Esler was also appointed to the Audit and Safety and Environmental Affairs committees. Nance was appointed to the Compensation and Nominations committees.
 Esler retired from Southwestern Public Service Company in February 1991 after serving in various capacities including chairman of the board and chief executive officer. He has served on numerous industry committees.
 Nance retired as president of the Tenneco Oil Company in 1989. He currently is a director of the Matador Petroleum Corporation and serves as a senior vice president of The Mitchell Group, Houston, and vice chairman of Excelco Energy Inc. He has been a member of numerous industry committees including The Executive Committee of the Natural Gas Supply Association.
 Esler and Nance join Samuel W. Bodman, Henry O. Boswell, John G.L. Cabot, William H. Knoell, Carl M. Mueller and Charles P. Siess, Jr. as members of the company's board of directors. Esler's term will expire in 1994. Nance's term will expire in 1995.
 "The election of Esler and Nance to our board of directors increases the number of directors to eight, which now includes seven outside directors," said Charles P. Siess. "Both Esler and Nance each have over 30 years' experience in the energy industry," he added.
 Cabot Oil & Gas is one of the nation's largest independent domestic producers and marketers of natural gas. The company is headquartered in Houston, with regional offices in Pittsburgh, Charleston, W.Va. and Oklahoma City, Okla.
 -0- 7/23/92
 /CONTACT: Roger Klatt, 713-589-4636, or Steve Tholen, 713-589-4696, of Cabot Oil & Gas/
 (COG) CO: Cabot Oil & Gas Corporation ST: Texas IN: OIL SU: PER


CN -- NE008 -- 2478 07/23/92 11:42 EDT
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Date:Jul 23, 1992
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