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
EIA’s Natural Gas Price Forecast Ticks Up to $3.05 on Exports, U.S. Demand
On the strength of exports and domestic consumption, natural gas spot prices at Henry Hub are expected to average $2.78/MMBtu in the second quarter and $3.05 for 2021 overall, the U.S. Energy Information Administration (EIA) said Tuesday. The updated projections, published in the May edition of the agency’s Short-Term Energy Outlook, represent a modest increase…
May 11, 2021
Forecasts Seen Needing More Heat to Impress as Natural Gas Futures Dip Early
With the natural gas market still waiting for more impressive cooling demand to show up in forecasts, futures probed lower in early trading Tuesday. The June Nymex contract was down 3.7 cents to $2.895/MMBtu at around 8:50 a.m. ET. Technical support around $2.900 held for the June contract in Monday’s trading, but this support level…
May 11, 2021
FERC Revises Landowner Protections Rule for Natural Gas Projects; Danly Dissents
FERC on Friday modified its process for determining when opposed natural gas infrastructure can proceed with construction after receiving a certificate order, strengthening landowner protections while specifying exemptions to the policy. The Federal Energy Regulatory Commission’s latest order is designed to clarify the intent of last summer’s Order No. 871, a rule to prevent a…
May 10, 2021
Weather Models Trend Milder Over Weekend as Natural Gas Futures Slide Early
Natural gas futures retreated in early trading Monday as forecasts over the weekend advertised milder conditions that would limit early season cooling demand. The June Nymex contract was down 2.3 cents to $2.935/MMBtu at around 8:45 a.m. ET. Changes in the weather data over the weekend pointed to lower overall demand for the next 15…
May 10, 2021
U.S. Natural Gas Rig Count Surges Past Century Mark
The U.S. natural gas rig count surged seven rigs to 103 during the week ended Friday (May 7), overshadowing gains in the oil patch and helping to power continued growth in overall domestic drilling activity, according to data from Baker Hughes Co. (BKR). Two oil-directed rigs were added in the United States for the period,…
May 7, 2021
Permian, Haynesville Lead Surge in Land Drilling as Eight Rigs Added in U.S.
Propelled by sizable gains in the Permian Basin and Haynesville Shale, the U.S. rig count surged eight units higher to reach 448 during the week ended Friday (May 7), according to data from oilfield services provider Baker Hughes Co. (BKR). Seven natural gas-directed rigs and two oil-directed rigs were added in the United States for…
May 7, 2021
Above Normal Cooling Demand Seen Arriving by Late May as June Natural Gas Called Higher
As updated forecasts hinted at higher cooling demand developing later in May, natural gas futures recovered the previous session’s losses in early trading Friday. After slipping 1.0 cents in Thursday’s trading, the June Nymex contract was up 1.3 cents to $2.941/MMBtu at around 8:45 a.m. ET. Based on the latest forecast data projections from Bespoke…
May 7, 2021
Natural Gas Futures Steady Early as EIA Storage Report Said ‘More Important Than Most’
Natural gas futures eased lower early Thursday as traders awaited the latest government storage report, a potentially pivotal data point that has proven difficult to predict in recent weeks. The June Nymex contract was down 0.2 cents to $2.936/MMBtu at around 8:50 a.m. ET. The Energy Information Administration’s (EIA) latest weekly storage report, scheduled for…
May 6, 2021
Equitrans Now Delaying MVP Startup to 2022; NC Regulators Reiterate Southgate Denial
The Mountain Valley Pipeline’s (MVP) planned in-service date has slipped to 2022, and the total cost for the prolonged construction of the project has swelled to around $6.2 billion, management for sponsor Equitrans Midstream Corp. (ETRN) said Tuesday. Discussing the midstreamer’s 1Q2021 financial results in a conference call with analysts, COO Diana Charletta said the…
May 5, 2021
Natural Gas Futures Await ‘Bullish Catalyst’ as Prices Called Slightly Lower Early
Coming off a range-bound trading session, and with the latest weather outlook offering little to excite bulls, natural gas futures hovered close to even early Wednesday. The June Nymex contract was off 1.3 cents to $2.954/MMBtu at around 8:45 a.m. ET. Based on the latest forecast data Bespoke Weather Services made a “marginal increase” to…
May 5, 2021