Cabot Oil & Gas Corp. says that for the first time in its history total proved reserves exceeded 2 Tcfe (2.06 Tcfe) on the strength of 450 percent drill bit production replacement.

"There is a wide range of outcomes that we have seen from our peers relating to the new SEC rules established for reserve disclosures," said Dan O. Dinges, Chairman, President and Chief Executive Officer. "The one obvious point for Cabot is with the resource potential in our portfolio, our future ability to book significant reserves is robust."

In 2009 Cabot added 463 Bcfe through its drilling operations and produced a record 103 Bcfe. Due to the new SEC rules, revisions to the overall reserve portfolio were more complex for 2009 and fall into three categories - price, performance and rule changes.

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