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Gear Energy Increases Capex Budget, Acquires Asset

The 2014 development capex budget is now $85 million, up from $70 million, the company said.

Antero also increased the initial production rates by 25% to 35% for its Marcellus wells.

Germany's budget surplus rises to 0.6% of gross domestic product in the first half of the year, boosted by higher tax income.

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