Cabot Oil & Gas Enters Agreement With the Pennsylvania Department of Environmental Protection

Cabot Oil & Gas Enters Agreement With the Pennsylvania Department of
Environmental Protection

HOUSTON, Nov. 4 /PRNewswire-FirstCall/ -- Cabot Oil & Gas Corporation (NYSE:
COG) today reported that it has entered a Consent Order and Agreement (CO&A)
with the Pennsylvania Department of Environmental Protection (PADEP) assuring
that it is in agreement with the PADEP concerning drilling and hydrofracturing
activities going forward in an approximate nine-square-mile area in
Susquehanna County, Pennsylvania. That area was identified by PADEP due to
concerns with the presence of methane in groundwater supplies. None of the
Company's activities outside that area are affected by this agreement or were
in question. As set forth in the CO&A, the Company has also agreed to provide
a temporary water supply or treatment device to 13 homes in the
nine-square-mile area. By taking these precautionary measures, the Company
and PADEP are assured that the safety and health of the residents in the area
are fully protected while the investigation of causes of methane in the ground
water continues.

Dan Dinges, Chairman, President and CEO of the Company stated, "As you may
recall, this matter relates to the early 2009 investigation of whether the
Company's operations could have allowed shallow natural gas to migrate into
the ground water supply. I am pleased with the outcome of this matter as it
gives us further assurance that there will be no interruption in our ongoing
operations while fully protecting the environment and residents nearby to our
drilling activities."

Cabot Oil & Gas Corporation, headquartered in Houston, Texas, is a leading
independent natural gas producer, with its entire resource base located in the
continental United States. For additional information, visit the Company's
Internet homepage at www.cabotog.com.

The statements regarding future financial performance and results and the
other statements which are not historical facts contained in this release are
forward-looking statements that involve risks and uncertainties, including,
but not limited to, market factors, the market price (including regional basis
differentials) of natural gas and oil, results of future drilling and
marketing activity, future production and costs, and other factors detailed in
the Company's Securities and Exchange Commission filings.

FOR MORE INFORMATION CONTACT
Ken Komoroski - 412-355-6556

SOURCE Cabot Oil & Gas Corporation

Ken Komoroski of Cabot Oil & Gas Corporation, +1-412-355-6556