Cabot Oil & Gas (COG)

Contractual Obligations

At March 31, 2009, we were obligated to make future payments under drilling rig commitments and firm gas transportation agreements. For further information, please refer to “Firm Gas Transportation Agreements” and “Drilling Rig Commitments” under Note 6 in the Notes to the Condensed Consolidated Financial Statements and in our Form 10-K.

Contractual Obligations

Our known material contractual obligations include long-term debt, interest on long-term debt, firm gas transportation agreements, drilling rig commitments and operating leases. We have no off-balance sheet debt or other similar unrecorded obligations.

A summary of our contractual obligations as of December 31, 2008 are set forth in the following table:

Amounts related to our asset retirement obligations are not included in the above table given the uncertainty regarding the actual timing of such expenditures. The total amount of asset retirement obligations at December 31, 2008 was $28.0 million, up from $24.7 million at December 31, 2007, primarily due to $1.2 million of accretion expense during 2008 as well as $2.2 million of drilling additions.

Contractual Obligations

At September 30, 2008, we were obligated to make future payments under drilling rig commitments and firm gas transportation agreements as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2007. For further information, please refer to “Firm Gas Transportation Agreements” and “Drilling Rig Commitments” under Note 6 in the Notes to the Condensed Consolidated Financial Statements.

Contractual Obligations

At June 30, 2008, we were obligated to make future payments under drilling rig commitments and firm gas transportation agreements as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2007. For further information, please refer to “Firm Gas Transportation Agreements” and “Drilling Rig Commitments” under Note 6 in the Notes to the Condensed Consolidated Financial Statements.

Contractual Obligations

At March 31, 2008, we were obligated to make future payments under drilling rig commitments and firm gas transportation agreements as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2007. For further information, please refer to “Firm Gas Transportation Agreements” and “Drilling Rig Commitments” under Note 6 in the Notes to the Condensed Consolidated Financial Statements.

Contractual Obligations

Our known material contractual obligations include long-term debt, interest on long-term debt, firm gas transportation agreements, drilling rig commitments and operating leases. We have no off-balance sheet debt or other similar unrecorded obligations.

During 2006, we assisted certain non-executive employees in obtaining loans to purchase interests offered under our Mineral, Royalty and Overriding Royalty Interest Plan by providing a guarantee of repayment should the non-executive employee fail to repay the loan. The repayment term for all of these loans was five years. The outstanding loan balances were approximately $0.3 million in the aggregate as of December 31, 2006 and the fair value of these guarantees were immaterial to our financial statements. There were no outstanding loan balances as of December 31, 2007. All loans were collateralized by the interests transferred to the employees in the producing properties.

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Table of Contents

Index to Financial Statements

A summary of our known contractual obligations as of December 31, 2007 are set forth in the following table:

Amounts related to our asset retirement obligations are not included in the above table given the uncertainty regarding the actual timing of such expenditures. The total amount of asset retirement obligations at December 31, 2007 was $24.7 million, up from $22.7 million at December 31, 2006, primarily due to $1.0 million of accretion expense during 2007 as well as $1.6 million of drilling additions.

Contractual Obligations

During the nine months ended September 30, 2007, certain events have occurred changing the amounts previously reported in our contractual obligations table for drilling rig commitments and firm gas transportation agreements in our Annual Report on Form 10-K for the year ended December 31, 2006.

Our firm gas transportation agreements provide firm transportation capacity rights on pipeline systems in Canada, the West region and the East region. These amounts are payable over the next 20 years. The transportation demand charges under these agreements that we are estimated to pay, regardless of the amount of pipeline capacity we utilize, decreased in the first nine months of 2007 by approximately $1.8 million from the total $85.1 million figure previously disclosed in our Annual Report on Form 10-K. This is due to released volumes on one contract in the West region as well as a change in the start date of a contract in Canada due to facility construction delays. As of September 30, 2007, demand charges for 2007, 2008, 2010 and 2011, respectively, are expected to be $7.9 million, $7.5 million, $4.2 million and $3.8 million, a decrease of $2.0 million and $0.7 million and an increase of $0.5 million and $0.4 million from the amounts previously disclosed. As of September 30, 2007, demand charges for 2009 and the 2012-2027 periods are expected to be $7.1 million and $52.8 million, respectively, which is consistent with the amounts previously disclosed in our Annual Report on Form 10-K.

Drilling rig commitments decreased by $0.2 million from the $120.3 million figure reported in our Annual Report on Form 10-K for the year ended December 31, 2006.

For further information, please refer to “Firm Gas Transportation Agreements” and “Drilling Rig Commitments” under Note 6 in the Notes to the Condensed Consolidated Financial Statements.

Contractual Obligations

During the six months ended June 30, 2007, certain events have occurred changing the amounts previously reported in our contractual obligations table for drilling rig commitments and firm gas transportation agreements in our Annual Report on Form 10-K for the year ended December 31, 2006.

Our firm gas transportation agreements provide firm transportation capacity rights on pipeline systems in Canada, the West region and the East region. These amounts are payable over the next 21 years. The transportation demand charges under these agreements that we are estimated to pay, regardless of the amount of pipeline capacity we utilize, decreased in the first half of 2007 by approximately $2.4 million from the total $85.1 million figure previously disclosed in our Annual Report on Form 10-K. This is due to released volumes on one contract in the West region. As of June 30, 2007, demand charges for 2007 and 2008, respectively, are expected to be $8.2 million and $7.5 million, a decrease of $1.7 million and $0.7 million from the amounts previously disclosed.

Drilling rig commitments increased by $0.9 million from the $120.3 million figure reported in our Annual Report on Form 10-K for the year ended December 31, 2006.

For further information, please refer to “Firm Gas Transportation Agreements” and “Drilling Rig Commitments” under Note 6 in the Notes to the Condensed Consolidated Financial Statements.

Contractual Obligations

During the three months ended March 31, 2007, certain events have occurred changing the amounts previously reported in our contractual obligations table for drilling rig commitments and firm gas transportation agreements in our Annual Report on Form 10-K for the year ended December 31, 2006.

Our firm gas transportation agreements provide firm transportation capacity rights on pipeline systems in Canada, the West region and the East region. The amount of transportation demand charges under these agreements that we are estimated to pay, regardless of the amount of pipeline capacity we utilize, has decreased by approximately $2.4 million from the total $85.1 million figure previously disclosed. This is due to released volumes on one contract in the West region.

Drilling rig commitments increased by $0.7 million from the $120.3 million figure reported in our Annual Report on Form 10-K for the year ended December 31, 2006. This increase was due to an increase in the daily rig rates on two rigs as a result of an increase of 5% in the U.S. Department of Labor Wholesale Price Index for Oilfield Machinery and Tools from the base index, as required in the commitment agreement.

For further information, please refer to “Firm Gas Transportation Agreements” and “Rig Commitments” under Note 6 in the Notes to the Condensed Consolidated Financial Statements.

Contractual Obligations

Our known material contractual obligations include long-term debt, interest on long-term debt, firm gas transportation agreements, drilling rig commitments and operating leases. We have no off-balance sheet debt or other similar unrecorded obligations.

During 2006, we assisted certain non-executive employees in obtaining loans to purchase interests offered under our Mineral, Royalty and Overriding Royalty Interest Plan by providing a guarantee of repayment should the non-executive employee fail to repay the loan. The repayment term for all of these loans is five years. All loans are collateralized by the interests transferred to the employees in the producing properties. The outstanding loan balances are approximately $0.3 million in the aggregate, and the fair value of these guarantees are immaterial to our financial statements.

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Table of Contents

Index to Financial Statements

A summary of our known contractual obligations as of December 31, 2006 are set forth in the following table:

Amounts related to our asset retirement obligations are not included in the above table given the uncertainty regarding the actual timing of such expenditures. The total amount of asset retirement obligations at December 31, 2006 was $22.7 million, down from $43.0 million at December 31, 2005, primarily due to the sale of the offshore and certain south Louisiana properties during the end of the third quarter of 2006.

Contractual Obligations

During the nine months ended September 30, 2006, certain events have occurred changing the amounts previously reported in our contractual obligations table for drilling rig commitments and firm gas transportation agreements in our Annual Report on Form 10-K for the year ended December 31, 2005.

Our firm gas transportation agreements provide firm transportation capacity rights on pipeline systems in Canada, the West and the East regions. The amount of transportation demand charges under these agreements that we are estimated to pay, regardless of the amount of pipeline capacity we utilize, has decreased by approximately $3.8 million over the total remaining terms of these contracts, which range from less than one year to 21 years. This is due to rate changes and released volumes on certain contracts, partially offset by increased charges as a result of new contracts entered into in Canada. Demand charges for 2006 are expected to be $7.1 million, a decrease of $4.6 million from the $11.7 million figure previously disclosed. Future obligations that we expect to pay starting in 2007 under these firm gas transportation agreements in effect at September 30, 2006 have increased by $0.8 million to $82.9 million.

Drilling rig commitments reported in the Annual Report on Form 10-K for the year ended December 31, 2005 totaled $104.3 million. As a result of an additional contract entered into during 2006, renewals of existing contracts and increases in daily rates due to increased contractor expenses for certain rigs, our total commitments have increased by $11.3 million.

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For further information, please refer to “Firm Gas Transportation Agreements” and “Rig Commitments” under Note 6 in the Notes to the Condensed Consolidated Financial Statements.

Contractual Obligations

Our known material contractual obligations include long-term debt, interest on long-term debt, firm gas transportation agreements, drilling rig commitments and operating leases. We have no off-balance sheet debt or other similar unrecorded obligations, and we have not guaranteed the debt of any other party.

A summary of our known contractual obligations as of December 31, 2005 are set forth in the following table:

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Amounts related to our asset retirement obligations are not included in the above table given the uncertainty regarding the actual timing of such expenditures. The total amount of asset retirement obligations at December 31, 2005 is $43.0 million.

Subsequent to December 31, 2005, we entered into an agreement for one additional drilling rig in the Gulf Coast. The total commitment over the next four years is $27.4 million, of which $0.8 million, $9.1 million, $9.1 million and $8.4 million will be paid out during the years 2006, 2007, 2008 and 2009, respectively.

Contractual Obligations

Our known material contractual obligations include long-term debt, interest on long-term debt and operating leases. We have no off-balance sheet debt or other similar unrecorded obligations, and we have not guaranteed the debt of any other party.

A summary of our known contractual obligations as of December 31, 2004 are set forth in the following table:

Amounts related to our asset retirement obligations are not included in the above table given the uncertainty regarding the actual timing of such expenditures. The total amount of asset retirement obligations at December 31, 2004 is $40.4 million.