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.
Archive / Author
SubscribeJeremiah Shelor
Articles from Jeremiah Shelor
May Natural Gas Close to Unchanged Early as Traders Mull Balances
Natural gas futures hovered close to even in early trading Friday as the market continued to mull spring-time balances following a lighter-than-expected withdrawal in the latest weekly storage data. The May Nymex contract was up 1.1 cents to $2.114/MMBtu at around 8:45 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 47 Bcf…
March 31, 2023
Court Upholds Virginia’s MVP Water Permit, But Ruling Forthcoming on West Virginia Approval
The U.S. Court of Appeals for the Fourth Circuit has upheld a crucial water quality permit issued to the Mountain Valley Pipeline (MVP) by Virginia state regulators, keeping the project on track to potentially resume and complete construction later this year. However, a forthcoming ruling on a water quality permit issued by the state of…
March 30, 2023
Natural Gas Futures Slide Ahead of Tight Withdrawal from EIA as Forecasts Trend Milder
Despite expectations for a rare surplus-shrinking result from the latest government inventory data, natural gas futures skidded lower in early trading Thursday as forecasts pointed to mild springtime demand that would preserve a healthy storage cushion. The May Nymex contract was down 6.1 cents to $2.123/MMBtu at around 8:45 a.m. ET. Expectations for Thursday’s Energy…
March 30, 2023
Expiring April Natural Gas Contract Tests Sub-$2 Early as Weather Patterns Underwhelm
Weighed down by a healthy storage cushion as the market exits the withdrawal season, natural gas futures continued to grind lower in early trading Wednesday. The expiring April Nymex contract was down 3.9 cents to $1.991/MMBtu at around 8:40 a.m. ET. May was off 2.2 cents to $2.125. Natural gas prices have been “tempting the…
March 29, 2023
Sub-$2 Natural Gas Futures Seen in Play for April Contract as Forecasts Warm
Natural gas futures continued to grind lower in early trading Tuesday, weighed down by warmer-trending late-season forecast maps. The expiring April Nymex contract was down 4.0 cents to $2.048/MMBtu at around 8:40 a.m. ET. May was off 3.5 cents to $2.180. After falling below support at $2.12, the April contract is poised to continue drifting…
March 28, 2023
Natural Gas Futures Tumble Early Following Milder Weekend Weather Trends
Bearish weekend weather trends put pressure on natural gas futures in early trading Monday as analysts predicted potential volatility heading into the front-month expiration early this week. The expiring April Nymex contract was down 10.7 cents to $2.109/MMBtu at around 8:40 a.m. ET. May was off 10.4 cents to $2.257. Weather models trended warmer over…
March 27, 2023
Natural Gas Drilling Flat in U.S., but Oil Count Sees Modest Recovery
The U.S. natural gas rig count was unchanged at 162 rigs for the week ended Friday (March 24), while a modest rebound in oil activity lifted the combined domestic tally four units to 758, according to the latest numbers from Baker Hughes Co. (BKR). Total U.S. oil rigs were up four to finish the period…
March 24, 2023
Modest Recovery in Oil Count Lifts U.S. Drilling Totals in Latest BKR Data
Bolstered by a modest rebound in oil activity, the U.S. rig count rose four units to finish at 758 for the week ended Friday (March 24), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). Domestic gains were driven by a four-rig increase in oil-directed drilling, raising total U.S. oil rigs…
March 24, 2023
Surplus Trimmed, but Analysts See Oversupply as Natural Gas Futures Nudge Higher Early
Natural gas futures saw modest gains in early trading Friday as the market continued to mull a surplus-shrinking result from the latest round of government inventory data. The April Nymex contract was up 2.9 cents to $2.183/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 72 Bcf withdrawal from…
March 24, 2023
Natural Gas Futures Pare Losses Early as EIA Storage Report Seen as ‘Inflection Point’
Ahead of a potentially surplus-shrinking weekly government inventory report, the first in weeks, natural gas futures pared their losses in early trading Thursday. Coming off a 17.7-cent sell-off in the previous session, the April Nymex contract was up 3.1 cents to $2.202/MMBtu at around 8:40 a.m. ET. The Energy Information Administration’s (EIA) latest weekly natural…
March 23, 2023