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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WmhyecAXqgcGwW2+Id5NGsY/i1HHCCTrUNGVeeF56uDntUEVedu7QPoIzcTa0rii
 X9u6tjEkMcXyF1LSzZGjiA==

<SEC-DOCUMENT>0001181431-03-018362.txt : 20030812
<SEC-HEADER>0001181431-03-018362.hdr.sgml : 20030812
<ACCEPTANCE-DATETIME>20030812124316
ACCESSION NUMBER:		0001181431-03-018362
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030808
FILED AS OF DATE:		20030812

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CABOT OIL & GAS CORP
		CENTRAL INDEX KEY:			0000858470
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				043072771
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1200 ENCLAVE PARKWAY
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77077
		BUSINESS PHONE:		2815894600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PEACOCK P DEXTER
		CENTRAL INDEX KEY:			0001188541

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10447
		FILM NUMBER:		03836717

	BUSINESS ADDRESS:	
		STREET 1:		1200 ENCLAVE PARKWAY
		STREET 2:		1200 ENCLAVE PARKWAY
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77077-1607
		BUSINESS PHONE:		713-220-4200

	MAIL ADDRESS:	
		STREET 1:		PO BOX 4544
		STREET 2:		PO BOX 4544
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77210-4544
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd15817.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-08-08</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000858470</issuerCik>
        <issuerName>CABOT OIL &amp; GAS CORP</issuerName>
        <issuerTradingSymbol>COG</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001188541</rptOwnerCik>
            <rptOwnerName>PEACOCK P DEXTER</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1200 ENCLAVE PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77077-1607</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-08-08</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>4000</value></transactionShares><transactionPricePerShare><value>24.97</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>8000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTabl
e><derivativeTable><derivativeTransaction><securityTitle><value>Stock Option (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>15.25</value></conversionOrExercisePrice><transactionDate><value>2003-08-08</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>4000</value></transactionShares><transactionPricePerShare><value>15.25</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1999-08-11</value><footnoteId id="F1"/></exerciseDate><expirationDate><value>2003-08-11</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common</value></underlyingSecurityTitle><underlyingSecurityShares><value>4000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFol
lowingTransaction><value>25000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">Stock option awarded to reporting person under Issuer's Second Amended and Restated Non-employee Director Stock Option Plan.  Options become exercisable in increments of one-third (3334, 3333, 3333) on August 11, 1999, August 11, 2000 and August 11, 2001.</footnote></footnotes><ownerSignature><signatureName>/s/ Lisa A. Machesney, Attorney-in-fact for P. Dexter Peacock</signatureName><signatureDate>2003-08-12</signatureDate></ownerSignature></ownershipDocument>



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