U.S. natural gas producers are beginning to reduce drilling and investment as low prices weigh on their returns. Reuters reports that natural gas prices in the U.S. hit the lowest in three and a half year, betraying drillers’ expectations for a rebound this year after last year’s price depression due to ample supply. As a result, they are no longer waiting for prices to improve but are curbing output, as expressed in their financial report presentations. Reuters cited Comstock Resources’ presentation as including an intention…
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