Photo: John MacFarlane

Chesapeake Energy announced Monday that they were reducing their spending on drilling and development due to recent drops in natural gas prices.

They’ll be spending $3.2 billion less through the end of 2010, according to this article in the S-T.

There’s not a lot of depth on what this means for the Barnett, aside from a mention that they’re only scaling back for now in other areas of the country.

Tags: Barnett Shale, business, Fort Worth, it's the economy stupid!, natural gas

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