For Energy Firms, Dry Gas May Not Be The Only Glut

Energy producers struggling with low natural-gas prices have been relying on related fuels such as ethane to remain profitable. But so many companies have increased drilling of wells with so-called natural-gas liquids that their prices are falling as well.

Topics:  energy   gas   prices   
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BING NEWS:
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  • 7 blue ribbons from the energy patch
    firms. For example, natural gas E&P company Chesapeake Energy (CHK) announced in January that it was cutting its North American "dry" gas (i.e., mostly methane) rig count by 67% (to 24 rigs from 75 rigs in 2011) in reaction to low gas prices. According to ...
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