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                                                                    EXHIBIT 23.1




                       CONSENT OF INDEPENDENT ACCOUNTANTS


     We consent to the incorporation by reference in the registration
statements of Cabot Oil & Gas Corporation on Form S-8 filed on June 23, 1991
and on October 29, 1993 of our reports dated February 25, 1994, on our audits
of the consolidated financial statements and financial statement schedules of
Cabot Oil & Gas Corporation as of December 31, 1993 and 1992, and for each of
the three years in the period ended December 31, 1993, which reports are
included in this Annual Report on Form 10-K.





                                                               COOPERS & LYBRAND
Houston, Texas
February 25, 1994