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Saturday, January 07, 2012

For Chesapeake, Weak Gas Prices Could Further Quiet Barnett Shale Activity

With currently just 10 rigs drilling in Tarrant county, and one lone drillbit turning in Johnson county, Chesapeake Energy has considerably slowed it's Barnett Shale exploration efforts. In addition to deeply depressed natural gas prices, the Barnett's "dry" gas brings less money at market compared to other shale plays that produce more oil and petroleum liquids.

Click on the following link for the complete Star-Telegram article.

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