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CABOT OIL & GAS, CNG TRANSMISSION ANNOUNCE JOINT AGREEMENT

 CABOT OIL & GAS, CNG TRANSMISSION ANNOUNCE JOINT AGREEMENT
 HOUSTON, July 2 /PRNewswire/ -- CNG Transmission Corporation and Cabot Oil & Gas Corporation (NYSE: COG) jointly announced an agreement for Cabot to purchase part of CNG Transmission's natural gas production properties and gathering system in southern West Virginia.
 The properties that Cabot has agreed to purchase are located in Boone, Fayette, Kanawha, Logan and Wyoming counties. They include 147 gross natural gas wells; approximately 150 miles of production, gathering and transmission pipeline; approximately 35,000 acres of leaseholds; three compressor stations, and 219 measuring and regulating stations.
 The purchase is subject to Federal Energy Regulatory Commission (FERC) approval and other regulatory notifications.
 CNG Transmission of Clarksburg, W.Va., is the interstate pipeline subsidiary of Consolidated Natural Gas Company (NYSE: CNG) of Pittsburgh. Cabot Oil & Gas is one of the nation's largest independent producers and marketers of natural gas. The company is headquartered in Houston.
 -0- 7/2/92
 /CONTACT: Roger Klatt, 713-589-4636, or Steven Tholen, 713-589-4696, of Cabot Oil & Gas; or F. David Cotten, 304-623-8200 of CNG Transmission/
 (COG CNG) CO: Cabot Oil & Gas Corporation; CNG Transmission Corporation ST: Texas, West Virginia, Pennsylvania IN: OIL SU:


SH -- NE009 -- 6234 07/02/92 14:17 EDT
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Publication:PR Newswire
Date:Jul 2, 1992
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