Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Arnold J Scott
 2. Date of Event Requiring Statement (Month/Day/Year)
02/25/2005		 3. Issuer Name and Ticker or Trading Symbol
CABOT OIL & GAS CORP [COG]
(Last)
(First)
(Middle)
1200 ENCLAVE PARKWAY		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President, Land
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77077		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 7,278
D
 
Common Stock 4,300 (1)
D
 
Common Stock 4,000 (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to buy) 02/18/2003 02/18/2007 Common 4,333 (3) $ 19.26 D  
Stock Option (Right to buy) 02/17/2004 02/17/2008 Common 9,333 (4) $ 22.98 D  
Performance Shares 12/31/2006 12/31/2006 Common 7,000 (5) $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Arnold J Scott
1200 ENCLAVE PARKWAY
HOUSTON, TX 77077		       Vice President, Land  

Signatures

Lisa A. Machesney Attorney-in-fact for Arnold J Scott. 03/03/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Restricted stock award to reporting person under Issuer's Second Amended and Restated 1994 Long Term Incentive Plan. Restrictions on 100% of award lapse on February 17, 2006.
(2) Restricted stock award to reporting person under Issuer's Second Amended and Restated 1994 Long Term Incentive Plan. Restrictions on the 6,000 share restricted stock award lapse 33 1/3% on February 16, 2005 and 33 1/3% on each of the next two one-year anniversaries of such date.
(3) 33 1/3% of option became exercisable on February 18, 2003 and an additional 33 1/3% becomes exercisable on each of the next two one-year anniversaries of such date.
(4) 33 1/3% of the 14,000 share option became exercisable on February 17, 2004 and an additional 33 1/3% becomes exercisable on each of the next two one-year anniversaries of such date.
(5) The performance shares provide for payment in common stock and cash in an amount ranging from 0-200% of the performance shares awarded based upon certain performance criteria over a three year performance period.

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