Natural Gas Drilling Shutting Down Due to Low Prices
March 17, 2009 at 11:18 AM EDT
Bloomberg: Natural gas drillers from Devon Energy Corp. to XTO Energy Inc. are idling rigs at the fastest pace since 2002, setting the stage for this year’s worst commodity to almost double as supplies drop faster than demand. About 45 percent of U.S. rigs have been shut since September, which means…