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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.
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Title Annotation:Newsreel; Aubrey McClendon
Publication:Pipeline & Gas Journal
Article Type:Brief article
Date:Sep 1, 2009
Words:83
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