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Supportive forecasts, the prospect of limited demand impacts from Hurricane Dorian and strength in the spot market all aided in a post-holiday natural gas futures rally Tuesday. The October Nymex futures contract climbed 7.3 cents to settle at $2.358/MMBtu, while November settled at $2.397, also up 7.3 cents.

Hurricane Dorian appeared increasingly likely to spare natural gas markets from any major demand-side impacts, and futures were trading slightly higher early Wednesday. The October Nymex contract was up 1.4 cents to $2.372/MMBtu at around 8:30 a.m. ET.

Viper Capital Partners LLC, a Houston-based investment firm, has acquired rights across two conventional oilfields in western West Virginia, where an affiliate plans to develop Berea Sandstone wells with shallow horizontal drilling technology.

Calgary-based Crescent Point Energy Corp. is continuing its organizational slim-down launched last year by inking a deal to sell Uinta Basin and Saskatchewan assets for C$912 million ($684 million) to undisclosed buyers.

Russia’s largest independent natural gas producer Novatek said subsidiary Arctic LNG-1 plans to conduct a geological survey, which if it leads to exploration could create more supply to expand liquefied natural gas (LNG) exports.


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