Printer Friendly

McClendon cites pressure on natural gas storage.

Aubrey McClendon, CEO of Chesapeake Energy Corp., said natural gas storage would hit capacity this year, forcing producers to shut in production. As storage fills "pipeline pressures are going to increase and that is going to cause involuntary curtailment" McClendon said during a conference call to discuss earnings. Natural gas in U.S. storage for the week ended July 24 stood at 3.023 Tcf--23% higher than last year and 19% above the five-year average, according to the U.S. Energy Information Administration.
COPYRIGHT 2009 Oildom Publishing Company of Texas, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Newsreel; Aubrey McClendon
Publication:Pipeline & Gas Journal
Article Type:Brief article
Date:Sep 1, 2009
Previous Article:CERI study says Canada's petroleum sector on upswing.
Next Article:Delphi Midstream Partners announces plan to acquire companies and assets.

Related Articles
Chesapeake cuts output due to weak prices.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters