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Home / News / St. Charles Business Record / Natural gas rigs shutting means prices may double

Natural gas rigs shutting means prices may double

Natural gas drillers from Devon Energy Corp. to XTO Energy Inc. are idling rigs at the fastest pace since 2002, setting the stage for this year's worst commodity to almost double as supplies drop faster than demand. About 45 percent of U.S. rigs have been shut since September, which means fourth-quarter gas production will tumble 5.2 ...

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