SOURCE: Industrial Info Resources

Industrial Info Resources

February 14, 2012 06:30 ET

Chesapeake Dry-Gas Production Cutback Briefly Boosts Gas Prices but Fails to Move Industry

SUGAR LAND, TX--(Marketwire - Feb 14, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Natural gas prices have strengthened in the two weeks since Chesapeake Energy Corporation (NYSE:CHK) (Oklahoma City, Oklahoma) announced it was immediately slashing spending on U.S. dry-gas exploration and production. But the move has prompted no similar curtailments in capital spending from other major gas producers.

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