Jeremiah Shelor joined NGI in 2015 after covering business and politics for The Exponent Telegram in Clarksburg, WV. He holds a Master of Fine Arts in Literary Nonfiction from West Virginia University and a Bachelor of Arts in English from Virginia Tech.
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Articles from Jeremiah Shelor
Heat, LNG Demand Rally September Natural Gas Futures Early
Coming out of a weekend that brought a notably hotter forecast outlook and an uptick in estimated export demand, natural gas futures were sharply higher in early trading Monday. The September Nymex contract was up 11.2 cents to $1.911/MMBtu at around 8:40 a.m. ET. Over the weekend the major weather models, especially the European, trended…
August 3, 2020
One U.S. Natural Gas Rig Added as Count Shows Signs of Bottoming
The U.S. natural gas rig count increased one unit to 69 for the week ended Friday (July 24) as the latest Baker Hughes Co. (BKR) numbers offered further indication that domestic drilling activity is leveling off following the Covid-induced collapse earlier this year. The overall U.S. rig count finished unchanged at 251 for the week,…
July 31, 2020
U.S. Rig Count Unchanged as Pandemic-Induced Collapse Leveling Off
In a further sign that the post-Covid collapse in domestic drilling activity could finally be flattening out, the U.S. rig count finished unchanged at 251 during the week ended Friday (July 31), according to the latest data from Baker Hughes Co. (BKR). A one-rig increase in natural gas-directed rigs offset the departure of one oil-directed…
July 31, 2020
Natural Gas Futures Called Higher Early as Isaias on Course for Florida Coast
As traders considered the potential impacts of Hurricane Isaias reaching the Florida coast this weekend, and as analysts mulled summer balances following the latest government inventory data, natural gas futures recovered some of their recent losses in early trading Friday. The September Nymex contract was up 2.5 cents to $1.854/MMBtu at around 8:50 a.m. ET.…
July 31, 2020
Natural Gas Futures Pare Gains Ahead of EIA Report; Tropical Storm May Hit Florida by Weekend
Pressured by further cooler trends in the forecast, natural gas futures pared their recent gains early Thursday as traders looked ahead to the release of the latest government storage data, expected to show a below-average summertime build. The September Nymex contract was down 2.6 cents to $1.904/MMBtu at around 8:40 a.m. ET. Estimates have been…
July 30, 2020
Overnight Guidance ‘Materially Cooler’ as Natural Gas Futures Ease Lower Early
A cooler shift in the overnight weather data helped send natural gas futures slightly lower in early trading Wednesday. The August Nymex contract was off 1.3 cents to $1.787/MMBtu at around 8:45 a.m. ET. The overnight guidance, especially the European model, trended “materially cooler again” by lowering gas-weighted degree day expectations for next week and…
July 29, 2020
Natural Gas Futures Pare Losses Early as Forecasts Show Heat Returning Before Mid-August
Bolstered by a toasty temperature outlook for the second week of August, natural gas futures shrugged off cooler trends for next week to pare their recent losses in early trading Tuesday. After selling off 7.4 cents in the previous session, the August Nymex contract was up 4.1 cents to $1.775/MMBtu at around 8:40 a.m. ET.…
July 28, 2020
Cooler Trends Weigh on Natural Gas Futures Early as ‘Peak Heat’ Said Likely Past
Despite a modest recovery in flows to U.S. export terminals, cooler forecast trends over the weekend pressured natural gas futures lower in early trading Monday. The August Nymex contract was down 3.1 cents to $1.777/MMBtu at around 8:40 a.m. ET. The temperature outlook shifted in the cooler direction over the weekend, with a loss of…
July 27, 2020
U.S. Drops Three Natural Gas Rigs; Oil Count Posts First Gain in Months
The U.S. natural gas rig count fell three units to finish at 68 for the week ending Friday (July 24), while the oil patch saw its first weekly net increase since mid-March, according to the latest data from Baker Hughes Co. (BKR). The continued retrenchment in gas-directed drilling dropped the overall U.S. rig count two…
July 24, 2020
Led by Permian, U.S. Oil Rigs Tally First Net Gain Since March, BKR Data Show
Further retrenchment in natural gas-directed drilling dropped the overall U.S. rig count two units to 251 for the week ending Friday (July 24), but the domestic oil count edged higher for the first time in months, according to the latest data from Baker Hughes Co. (BKR). The United States added one oil-directed rig for the…
July 24, 2020