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Almost a Billion Cubic Feet of U.S. Gas Shut Down by Low Prices

  • Marcellus output in Pennsylvania to fall 1.3% in November
  • Higher prices for producers would unlock `tremendous' volume
Rig hands thread together drilling pipe at a hydraulic fracturing site located atop the Marcellus shale rock formation in Washington Township, Pa. on Oct. 31, 2013.

Rig hands thread together drilling pipe at a hydraulic fracturing site located atop the Marcellus shale rock formation in Washington Township, Pa. on Oct. 31, 2013.

Photographer: Ty Wright/Bloomberg

Natural gas drillers in the U.S. Northeast have curbed production by about 900 million cubic feet a day as prices for the fuel hover near three-year lows, based on Williams Cos. estimates of curtailments on its system.

Output from the Marcellus shale formation in Pennsylvania will fall 1.3 percent in November to 15.89 billion cubic feet a day, the fifth consecutive monthly decline and the biggest drop since July 2014, according to the Energy Information Administration. Spot gas prices in Pennsylvania fell to a record low in July.