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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.

Natural Gas Futures ‘Reinvigorated’ by Weekend Cold Shift as Prices Soar Early

Natural Gas Futures ‘Reinvigorated’ by Weekend Cold Shift as Prices Soar Early

A major colder shift from weather models over the weekend had natural gas futures soaring in early trading Monday, though forecasters wondered about the durability of the pattern change. The November Nymex contract was up 35.7 cents to $5.637/MMBtu at around 8:50 a.m. ET. Compared to Friday’s expectations, the latest model runs advertised a “material…

October 25, 2021
Shrinking Deficit, Bearish Temps Keep Pressure on Natural Gas Forwards

Shrinking Deficit, Bearish Temps Keep Pressure on Natural Gas Forwards

A shrinking storage deficit and fading risks for a frigid start to the U.S. heating season saw front-month natural gas forwards fall sharply during the Oct. 15-20 trading period, NGI’s Forward Look data show. A 51.2-cent decline in November Henry Hub fixed natural gas prices for the period triggered losses of comparable magnitude at hubs…

October 22, 2021
Natural Gas Activity Climbs in U.S. as Oil Growth Hits Pause

Natural Gas Activity Climbs in U.S. as Oil Growth Hits Pause

The U.S. natural gas rig count inched one unit higher to reach 99 for the week ended Friday (Oct. 22), while the recent steady upward trend in the oil patch stalled for the period, according to the latest numbers from Baker Hughes Co. (BKR). A net decline of two oil-directed rigs dropped the combined U.S.…

October 22, 2021
U.S. Oil Drilling Gains on Pause in Latest Weekly Count as Natural Gas Tally Rises

U.S. Oil Drilling Gains on Pause in Latest Weekly Count as Natural Gas Tally Rises

Pausing what has been a steady upward trend going back to last year, the U.S. rig count dipped one unit to 542 for the week ended Friday, driven by a small decline in onshore oil-directed activity, the latest data from Baker Hughes Co. (BKR) show. A net decline of two oil-directed rigs was partially offset…

October 22, 2021
Models Seen Teasing Increased Chance for November Chills as Natural Gas Futures Rally

Models Seen Teasing Increased Chance for November Chills as Natural Gas Futures Rally

With updated weather models seen teasing the possibility of colder temperatures developing next month, natural gas futures rallied sharply early Friday. The November Nymex contract was up 14.8 cents to $5.263/MMBtu as of around 8:50 a.m. ET. The latest model runs as of early Friday showed a setup that could increase the chances for more…

October 22, 2021
Natural Gas Forwards Plunge on Mild Temps, Narrowing Storage Deficit

Natural Gas Forwards Plunge on Mild Temps, Narrowing Storage Deficit

A shrinking storage deficit and fading risks for a frigid start to the U.S. heating season saw front-month natural gas forwards fall sharply during the Oct. 15-20 trading period, NGI’s Forward Look data show. A 51.2-cent decline in November Henry Hub fixed natural gas prices for the period triggered losses of comparable magnitude at hubs…

October 21, 2021
Natural Gas Futures Slide Ahead of EIA Print as Another Above-Average Build Expected

Natural Gas Futures Slide Ahead of EIA Print as Another Above-Average Build Expected

Natural gas futures pulled back early Thursday as traders prepared to digest the latest round of government inventory data, expected to show a sixth straight higher-than-average injection into Lower 48 stocks. The November Nymex contract was off 10.8 cents to $5.062/MMBtu at around 8:45 a.m. ET. Surveys ahead of the latest U.S. Energy Information Administration…

October 21, 2021
DUC Drawdown Continuation to Bump U.S. Onshore Natural Gas, Oil Production Next Month

DUC Drawdown Continuation to Bump U.S. Onshore Natural Gas, Oil Production Next Month

U.S. onshore oil and natural gas production is set to rise from October to November, propelled by supply growth in the Permian Basin and Haynesville Shale, according to updated projections Monday from the U.S. Energy Information Administration (EIA). Natural gas production from seven key U.S. producing regions — the Anadarko, Appalachia and Permian basins, along…

October 20, 2021
Lower 48 Pattern ‘Quite Hostile’ to Cold Air as Natural Gas Futures Back Under $5 Early

Lower 48 Pattern ‘Quite Hostile’ to Cold Air as Natural Gas Futures Back Under $5 Early

Continued bearishness in the weather-driven demand outlook saw natural gas futures reverse lower in early trading Wednesday. After rallying 9.9 cents in the previous session, the November Nymex contract was back under the $5 mark at around 8:45 a.m. ET, down 11.3 cents to $4.975/MMBtu. Prices in Tuesday’s session were able to “bounce higher…off a…

October 20, 2021
Winter Heating Costs for U.S. Natural Gas Expected to Rise Sharply

Winter Heating Costs for U.S. Natural Gas Expected to Rise Sharply

American households can expect significant increases in home heating costs this winter, including a 30% increase in natural gas expenditures versus last winter, according to the U.S. Energy Information Administration (EIA). The agency said as part of its latest Short-Term Energy Outlook (STEO) that it expects a 3% increase in average U.S. heating degree days…

October 19, 2021
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