Nucor reaches gas drilling deal with Encana
Nov 06, 2012 | 12:45 PM
| Samuel Frizell
Tags
Nucor,
Encana Oil & Gas,
natural gas,
steel,
direct-reduced iron,
DRI,
Samuel Frizell
NEW YORK — Nucor Corp. has entered into a long-term agreement with Encana Oil & Gas (USA) Inc. for an onshore natural gas drilling program that it expects will be able to supply the steelmaker’s natural gas needs for more than 20 years.
"By entering into this new agreement, Nucor will be better able to manage its exposure to natural gas volatility and overall energy demand for its manufacturing operations," the Charlotte, N.C.-based steelmaker said Tuesday. ....
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