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Wednesday, Nov 14
2012, 12:37 PM
North American gas producers are killing their commodity’s big rally by opening more...
North American gas producers are killing their commodity’s big rally by opening more wells, putting the U.S. on track toward record gas supplies this year, according to a Bloomberg analysis. The 44% price rise in natural gas between Sept. 10 and Oct. 30 stalled as Chesapeake (CHK) and others added output in areas such as the Marcellus shale; COP and ECA brought back curtailed output.