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Barchart
Rich Asplund

Nat-Gas Soars as Biggest U.S. Gas Producer Plans to Cut Production

Chesapeake Energy Nymex United States BNEF EIA Natural Gas

March Nymex natural gas (NGH24) on Wednesday closed +0.197 (+12.50%).

Nat-gas prices surged Wednesday to a 1-week high and closed sharply higher after Chesapeake Energy Corp said it would cut its nat-gas production by about 20% this year due to market conditions.  Last month, Chesapeake Energy merged with Southwestern Energy to become the top U.S. nat-gas producer.

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