<ARTICLE> 5 <CIK> 0000858470 <NAME> CABOT OIL & GAS CORPORATION <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1995 <CASH> 2,310 <SECURITIES> 0 <RECEIVABLES> 32,771 <ALLOWANCES> (1,363) <INVENTORY> 5,263 <CURRENT-ASSETS> 40,154 <PP&E> 979,532 <DEPRECIATION> (373,525) <TOTAL-ASSETS> 647,594 <CURRENT-LIABILITIES> 49,748 <BONDS> 250,307 <COMMON> 153,055 <PREFERRED-MANDATORY> 0 <PREFERRED> 91,139 <OTHER-SE> (16,161) <TOTAL-LIABILITY-AND-EQUITY> 647,594 <SALES> 107,676 <TOTAL-REVENUES> 109,475 <CGS> 115,110 <TOTAL-COSTS> 115,110 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 11,596 <INCOME-PRETAX> (17,639) <INCOME-TAX> (6,921) <INCOME-CONTINUING> (13,488) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (13,488) <EPS-PRIMARY> (0.59) <EPS-DILUTED> 0