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Physical natural gas prices for Wednesday delivery edged lower on Tuesday as traders wrestled with cold and snowy conditions in the Northeast and Mid-Atlantic and market centers in the remainder of the country experienced generally soft pricing.

April natural gas opened 4 cents higher Wednesday morning at $2.98 as traders put the pencil to variable near-term weather conditions and evidence of a production turnaround. Overnight oil markets rose.

The growing shift to more reliance on renewable resources for electric generation in California has put nearly 10,000 MW of natural gas-fired generation sources in a state of flux for grid planners in the state.

Sixteen of the Keane Group Inc.'s 23 hydraulic fracturing fleets now are working across the U.S. onshore, representing 70% utilization, a positive sign for growth through this year, the Houston operator said Wednesday.

With both a successful initial public offering (IPO) and a favorable regulatory decision in its rearview mirror, Denver-based Extraction Oil & Gas LLC said Tuesday it expects average production this year to grow by about 17% at the midpoint compared with 2016.

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