Chesapeake Energy Corp. has voluntarily suspended all completion operations in Pennsylvania as response crews work to contain a Chesapeake well blowout in the Marcellus Shale in northeast Pennsylvania.
Evacuate
Articles from Evacuate
Despite Heat, TS Chris, Corrective Action Brings Futures Back Well Below $8
Not only did natural gas futures traders evacuate the New York Mercantile Exchange (Nymex) for a planned fire drill Tuesday morning, they also evacuated from $8+ September gas futures prices during the day. Looking past the sizzling heat wave and the development of the third tropical storm of the season, traders — in a corrective action following Monday’s $1+ gain — pushed September natural gas significantly lower Tuesday to close at $7.574, down 63.7 cents on the day.
August 2, 2006
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