Chesapeake Energy Corporation (CHK), EQT Corporation (EQT), Cabot Oil & Gas Corporation (COG): The Shale Play Single-Handedly Holding Natural Gas Prices Down

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In the first half of this year, the number of backlogged wells in the Pennsylvania Marcellus increased 8 % year-over-year to 1,546. But as these backlogged wells are connected to pipelines and brought online over the next several months, production growth this year could top even last year’s levels.

The article The Shale Play Single-Handedly Holding Natural Gas Prices Down originally appeared on Fool.com and is written by Arjun Sreekumar.

Fool contributor Arjun Sreekumar owns shares of Chesapeake Energy. The Motley Fool recommends Range Resources.

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