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U.S. shale firms amp up natural gas output as futures signal more gains

May 16, 2021 by

“Demand has remained pretty robust. Supply has been starved for capital,” said Christopher Kalnin, chief executive of Denver-based Banpu Kalnin Ventures, which last month closed a deal to acquire Devon Energy natural gas assets. Banpu Kalnin has hedged about 65% of its gas production for next year.

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