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gasfacts2019

Further cold trends in the overnight forecasts and the potential for a larger-than-average withdrawal from weekly government storage data helped lift natural gas futures early Thursday. The March Nymex contract was trading 3.9 cents higher at $2.675/MMBtu shortly before 9 a.m. ET.

After a fourth quarter when Permian Basin pure-play Diamondback Energy Inc. nearly doubled its core acreage position, the company reiterated plans to be more conservative in 2019, even as it realizes synergies from several mergers quicker than it expected.

An Alberta government subsidy program lured its third industrial customer for natural gas into construction Wednesday, when Nauticol Energy committed to build a C$2 billion ($1.5 billion) methanol plant.

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