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House Majority Leader Kevin McCarthy (R-CA) said lawmakers will begin the process of repealing several energy regulations enacted during the Obama administration next week, including rules on methane emissions, water protections and financial disclosures.

Daylight finally broke for the Texas oil and natural gas industry in December after a 24-month economic contraction, according to the Texas Petro Index, a barometer of upstream industry health in the Lone Star State.

Physical natural gas for Thursday delivery drifted in Wednesday’s trading as near-term weather forecasts showed continued mild conditions, with the heating load only surpassing seasonal averages at the very end of the month. Most points moved within just a few pennies of unchanged, and theNGI National Spot Gas Average rose 2 cents $3.20.

February natural gas is set to open 12 cents higher Thursday morning at $3.45 as traders discount expected government data showing low usage and focus on upcoming forecast weather patterns. Overnight oil markets were narrowly mixed.

Hess Corp. plans to increase its drilling this year in the Bakken Shale, moving to six rigs from two by year’s end, and if oil prices are closer to $60/bbl, the North Dakota play could see more capital, CEO John Hess said Wednesday during a 4Q2016 earnings conference call.

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