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
One Natural Gas Rig Exits, But Overall U.S. Count Rises for Sixth Straight Week
The U.S. natural gas rig count fell one unit to finish at 73 for the week ended Friday (Oct. 23), while rising oil activity propelled the overall domestic tally to its sixth straight weekly gain, according to the latest numbers from Baker Hughes Co. (BKR). A six-rig increase in domestic oil drilling offset the one-rig…
October 23, 2020
More Oil Drilling Propels U.S. Rig Count Higher for Sixth Straight Week
Bolstered by increased oil drilling, particularly in the Permian Basin, the U.S. rig count climbed for a sixth straight week during the period ended Friday (Oct. 23), picking up five units to reach 287, according to the latest data from Baker Hughes Co. (BKR). A six-rig increase in domestic oil drilling offset a one-rig decline…
October 23, 2020
Weather Outlook Sheds Heating Demand as Natural Gas Futures Slide Early
A milder shift in the latest forecasts saw natural gas futures give back some of their recent gains in early trading Friday. After cresting the $3/MMBtu mark earlier in the week, the November Nymex contract was down 3.5 cents to $2.972/MMBtu at around 8:45 a.m. ET. In the overnight weather data, the European model removed…
October 23, 2020
Federal Court Upholds Keystone XL Border-Crossing Permit — For Now
A federal district court has denied ongoing legal challenges to the Trump administration’s 2019 approval of TC Energy Corp.’s Keystone XL oil pipeline. In separate orders handed down late last week, Chief District Judge Brian Morris of the U.S. District Court for Montana denied requests filed by tribal and environmental groups seeking a preliminary injunction…
October 22, 2020
November Natural Gas Called Slightly Lower as Traders Await Inventory Data
After punching through the $3/MMBtu barrier in the previous session, natural gas futures held relatively steady in early trading Thursday as the market awaited the latest round of government inventory data. The November Nymex contract was off 2.1 cents to $3.002 at around 8:40 a.m. ET. The November contract settled at $3.023 Wednesday, marking the…
October 22, 2020
Natural Gas Futures Rally Above $3 Early on Colder Trends, ‘Increasingly Bullish’ Balances
A cooler shift in the weather outlook overnight, coupled with indications of a tightening supply/demand as winter approaches, had natural gas futures charging higher in early trading Wednesday. The November Nymex contract was up 11.5 cents to $3.028/MMBtu at around 8:40 a.m. ET. NatGasWeather attributed the gains early Wednesday to a combination of a strengthening…
October 21, 2020
Double E Pipe Given FERC OK to Move Permian Natural Gas
FERC last week approved the 1.35 million Dth/d Double E Pipeline LLC project to transport Permian Basin natural gas. The Double E project would offer firm transportation service from producing areas in the Delaware sub-basin in southeastern New Mexico and West Texas to delivery points near the Waha hub. Project backer Summit Midstream Partners LP…
October 20, 2020
LNG Flows Said Poised to ‘Ramp Up Rapidly’ as November Natural Gas Rallies
With developments along the Louisiana coast appearing favorable for a ramp-up in export demand, natural gas futures surged in early trading Tuesday. The November Nymex contract was up 11.4 cents to $2.909/MMBtu at around 8:40 a.m. ET. Liquefied natural gas (LNG) feed gas demand climbed to 8.5 Bcf/d in early morning estimates from Bespoke Weather…
October 20, 2020
Natural Gas Futures Called Lower Amid ‘Complicated’ Forecast, Unclear Outlook for Cameron LNG
As traders tried to decipher a “murky” outlook for the timing of restored export volumes out of the Gulf Coast, natural gas futures were down several cents in early trading Monday. The November Nymex contract was off 5.0 cents to $2.723/MMBtu at around 8:50 a.m. ET. Analysts at EBW Analytics Group attributed heavy selling in…
October 19, 2020
U.S. Adds One Natural Gas Rig as Oil Drilling Surges
The U.S. natural gas rig count climbed one unit to finish at 74 for the week ending Friday (Oct. 16), while a surge in oil activity saw the overall domestic drilling tally rise by double digits, the latest numbers from Baker Hughes Co. (BKR) show. Driven by a 12-rig increase in oil-directed rigs, the combined…
October 16, 2020