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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 D4rSyqYx2tXcwQnI4FvY30qx8rwHjE6aARWAuHOy7DQPQAF7pMSG2U9Z7YdAui7Z
 GcN/y56rjNBC5QHJMP41+g==

<SEC-DOCUMENT>0001181431-06-056824.txt : 20061004
<SEC-HEADER>0001181431-06-056824.hdr.sgml : 20061004
<ACCEPTANCE-DATETIME>20061004153750
ACCESSION NUMBER:		0001181431-06-056824
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061002
FILED AS OF DATE:		20061004
DATE AS OF CHANGE:		20061004

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:			KELLEY ROBERT
		CENTRAL INDEX KEY:			0001106716

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10447
		FILM NUMBER:		061128255

	BUSINESS ADDRESS:	
		STREET 1:		333 WEST MAIN, SUITE 300
		STREET 2:		NEUSTADT PLAZA
		CITY:			ARDMORE
		STATE:			OK
		ZIP:			73401
		BUSINESS PHONE:		5802240200

	MAIL ADDRESS:	
		STREET 1:		KELLCO INVESTMENTS INC.
		STREET 2:		PO BOX 1507
		CITY:			ARDMORE
		STATE:			OK
		ZIP:			73401
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd132475.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-10-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000858470</issuerCik>
        <issuerName>CABOT OIL &amp; GAS CORP</issuerName>
        <issuerTradingSymbol>COG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001106716</rptOwnerCik>
            <rptOwnerName>KELLEY ROBERT</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>2006-10-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>47.245</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>31760</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Purchase of 10,000 shares of Common Stock at prices ranging from $47.10 to $47.28 resulting in a weighted average price of $47.245.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Lisa A. Machesney, Attorney-in-Fact for Robert Kelley</signatureName>
        <signatureDate>2006-10-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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