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CABOT OIL & GAS ACQUIRES WEST VIRGINIA PROPERTIES

 HOUSTON, Feb. 12 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced the acquisition of oil and natural gas production properties from Union Oil Company of California for approximately $1.7 million. The properties are located in Kanawha and Boone counties of West Virginia.
 The acquisition includes 84 oil and natural gas wells and 42,000 acres of leases. The wells produce approximately 740 thousand cubic feet equivalent of natural gas per day.
 Cabot Oil & Gas Corporation Chairman and Chief Executive Officer, John H. Lollar said, "These properties mesh quite well with our existing properties in West Virginia, where we have operated since 1899. Furthermore, we expect the new acreage to yield added opportunities for development drilling."
 Cabot Oil & Gas is a leading independent natural gas producer and marketer headquartered in Houston, with regional offices in Pittsburgh and Oklahoma City, Okla.
 -0- 2/12/93
 /CONTACT: Roger Klatt, 713-589-4636 or Steven Tholen, 713-589-4696 both of Cabot Oil & Gas/
 (COG)


CO: Cabot Oil & Gas Corporation ST: Texas IN: OIL SU: TNM

CH -- NE003 -- 6026 02/12/93 08:29 EST
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Publication:PR Newswire
Date:Feb 12, 1993
Words:179
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