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Jeremiah Shelor

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.

More Volatility Expected for Natural Gas Futures as Euro Model Drops Demand

More Volatility Expected for Natural Gas Futures as Euro Model Drops Demand

With continued volatility expected headed into prompt month expiration, and with the latest weather data lowering demand expectations for the first week of August, natural gas futures hovered close to even early Wednesday. After dipping as low as $3.874/MMBtu in the early morning hours, the expiring August contract was trading 0.7 cents higher at $3.978…

July 28, 2021
Volatility Expected Ahead of Expiry as Natural Gas Futures Slide on Cooling Demand Losses

Volatility Expected Ahead of Expiry as Natural Gas Futures Slide on Cooling Demand Losses

Further declines in projected cooling demand in the latest forecasts pressured natural gas futures lower in early trading Tuesday, although analysts were predicting volatility heading into this week’s front month expiration. As of 8:45 a.m. ET, the August Nymex contract was down 8.2 cents to $4.020/MMBtu, while September was off 8.3 cents to $3.999. After…

July 27, 2021
Natural Gas Futures ‘Racing Higher’ Early as Demand Seen Rising This Week

Natural Gas Futures ‘Racing Higher’ Early as Demand Seen Rising This Week

Strong heat this week and the prospect of more to come in August helped natural gas futures to keep climbing in early trading Monday. The August Nymex contract was up 9.1 cents to $4.151/MMBtu at around 8:50 a.m. ET. September was up 8.6 cents to $4.128. After breaking through resistance at the $4 mark last…

July 26, 2021
Baker Hughes Bullish on Global Natural Gas Market; Investment in Energy Transition Continues

Baker Hughes Bullish on Global Natural Gas Market; Investment in Energy Transition Continues

Baker Hughes Co. (BKR) has made investment in “new energy frontiers” a key part of its strategy moving forward, but management for the oilfield services provider still sees a bright outlook for the global natural gas market. Remarking on the company’s recently released 2Q2021 financial results, CEO Lorenzo Simonelli struck an optimistic tone when discussing…

July 23, 2021
Natural Gas Rig Count Unchanged as Oil Activity Surges

Natural Gas Rig Count Unchanged as Oil Activity Surges

The U.S. natural gas rig count held steady at 104 during the week ended Friday (July 23), while a ramp-up in oil drilling drove the combined domestic tally seven units higher to 491, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). All seven rigs added domestically for the week went…

July 23, 2021
Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

A ramp-up in oil drilling, especially in the Permian Basin, sent the U.S. rig count surging seven units higher to 491 for the week ended Friday (July 23), the latest numbers from oilfield services provider Baker Hughes Co. (BKR) show. All of the net gains domestically for the week occurred in the oil patch, with…

July 23, 2021
Natural Gas Futures Slightly Lower Early Amid Model Disagreement on Early August Temps

Natural Gas Futures Slightly Lower Early Amid Model Disagreement on Early August Temps

Mixed trends in the weather outlook overnight had natural gas futures easing lower in early trading Friday. The August Nymex contract was down a penny to $3.993/MMBtu as of 8:50 a.m. ET. The American and European weather models trended in opposite directions overnight for the first week of August, with the American dataset adding to…

July 23, 2021
Halliburton Anticipating ‘Multi-Year Upcycle’ After Improving on Income, Revenue in 2Q2021

Halliburton Anticipating ‘Multi-Year Upcycle’ After Improving on Income, Revenue in 2Q2021

Following a second quarter of across-the-board sequential improvement for the company’s financial metrics, including a 12% increase in revenue for its North America segment, management for Halliburton Co. sees itself at the start of a “multi-year upcycle.” Reported quarterly losses in 2020 were steep, but after getting back into the black financially in the first…

July 22, 2021
U.S. Still 2020 Global Leader in Petroleum, Natural Gas Production Despite Pandemic Drop-Off

U.S. Still 2020 Global Leader in Petroleum, Natural Gas Production Despite Pandemic Drop-Off

Even amid declines associated with the Covid-19 pandemic, the United States maintained its status as the globe’s leading producer of petroleum and natural gas in 2020, a recent analysis from the Energy Information Administration (EIA) shows. Domestic petroleum and natural gas output fell year/year in 2020 after reaching record highs in 2019, EIA said in…

July 22, 2021
Natural Gas Futures Ease Lower Ahead of EIA Report; Potential Test of $4 Predicted

Natural Gas Futures Ease Lower Ahead of EIA Report; Potential Test of $4 Predicted

Natural gas futures pulled back slightly in early trading Thursday as traders awaited the latest government inventory data, although analysts saw potential for an advance to the $4 mark in the near future. The August Nymex contract was off 2.9 cents to $3.930/MMBtu at around 8:50 a.m. ET. For the latest weekly Energy Information Administration…

July 22, 2021
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