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Nucor Corp Signs Deal To Develop Natural Gas Wells With Encana Corp-Reuters

Tuesday, 6 Nov 2012 11:16am EST 

Reuters reported that Nucor Corp has signed a deal to develop natural gas wells with Canada's Encana Corp, it hopes will guarantee supply more than 20 years for its steel mills and other facilities in the United States. Under the terms of the deal, the companies will share costs to develop wells in the continental United States. EnCana will operate the wells, and drilling could stop if natural gas prices fell below an undisclosed threshold. 

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