Nucor reaping benefits of natural gas venture

Oct 18, 2013 | 01:50 PM | Thorsten Schier

Tags  Nucor, Encana Oil & Gas (USA), natural gas, John Ferriola, direct-reduced iron, Keith Grass, Thorsten Schier

NEW YORK — Nucor Corp. is reaping the benefits of its onshore natural gas drilling agreement with energy company Encana Oil & Gas (USA) Inc., according to president and chief executive officer John Ferriola.

"The performance of wells drilled over the past two years has exceeded the projections we used to justify this capital allocation. That, of course, translates into lower-than-expected gas costs. We also expect our natural gas....

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