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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.

Chillier Forecast Supports Early Natural Gas Futures Gains

Chillier Forecast Supports Early Natural Gas Futures Gains

Cooler shifts in the latest weather data helped natural gas futures extend their recent upward momentum in early trading Wednesday. After adding 5.8 cents in the previous session, the May Nymex contract was trading 2.7 cents higher to $2.646/MMBtu at around 8:45 a.m. ET. Colder trends over the previous 24 hours from both the American…

April 14, 2021
NatGas Output from Seven Key U.S. Regions to Fall in May, EIA Says

NatGas Output from Seven Key U.S. Regions to Fall in May, EIA Says

While some Lower 48 plays are expected to see natural gas production trend upward over the next month, overall output from seven key U.S. regions is set to decline from April to May, according to updated figures released Monday by the U.S. Energy Information Administration (EIA). Total output from the seven regions — the Anadarko,…

April 13, 2021
Natural Gas Futures Maintain Upward Momentum Early as Cooler Temperatures in Sight

Natural Gas Futures Maintain Upward Momentum Early as Cooler Temperatures in Sight

Natural gas futures extended their recent gains in early trading Tuesday amid continued expectations for chilly temperatures over the next week and a half. After picking up 3.5 cents in the previous session, the May Nymex contract was up another 3.0 cents to $2.591/MMBtu at around 8:50 a.m. ET. The overnight run of the American…

April 13, 2021
Permian, Haynesville Growth Highlight EIA’s Latest Lower 48 Production Forecast

Permian, Haynesville Growth Highlight EIA’s Latest Lower 48 Production Forecast

Despite projected gains from the Permian Basin and Haynesville Shale, overall natural gas production from seven key U.S. onshore regions is set to decline from April to May, according to updated figures released Monday by the U.S. Energy Information Administration (EIA). Total output from the seven regions — the Anadarko, Appalachia and Permian basins, as…

April 12, 2021
Army Corps Inaction on DAPL a ‘Modest Positive’ for Pipeline, Bakken Operators

Army Corps Inaction on DAPL a ‘Modest Positive’ for Pipeline, Bakken Operators

Sparing Energy Transfer LP’s Dakota Access Pipeline (DAPL) from further regulatory headaches, the U.S. Army Corps of Engineers has reportedly decided not to take action to enforce the crude oil line’s vacated easement to cross under Lake Oahe. DAPL’s crossing of the large reservoir, behind the Oahe Dam on the Missouri River that begins in…

April 12, 2021
May Natural Gas Advances as Analysts See Signs of Improved Balances

May Natural Gas Advances as Analysts See Signs of Improved Balances

After finding technical support last week, natural gas futures advanced in early trading Monday as analysts pointed to signs of stronger balances. The May Nymex contract was up 5.7 cents to $2.583/MMBtu at around 8:50 a.m. ET.  The gains in futures prices early Monday occurred amid recent indications of a stronger supply/demand balance for natural…

April 12, 2021
Natural Gas Rigs Up Two in U.S. as GOM Activity Declines

Natural Gas Rigs Up Two in U.S. as GOM Activity Declines

The U.S. natural gas rig count climbed two units to 93 for the week ended Friday (April 9) as an uptick in land drilling offset a pullback in the Gulf of Mexico, according to data published by Baker Hughes Co. (BKR). U.S. oil-directed rigs remained unchanged overall at 337. The total U.S. rig count ended…

April 9, 2021
U.S. Adds Two Rigs Overall Amid Land Gains, Offshore Declines

U.S. Adds Two Rigs Overall Amid Land Gains, Offshore Declines

With gains on land offsetting a pullback in Gulf of Mexico activity, the U.S. rig count added two units to finish the week ended Friday (April 9) at 432, according to the latest figures published by oilfield services provider Baker Hughes Co. (BKR). Two natural gas-directed rigs were added during the week in the United…

April 9, 2021
Overall Forecast Themes Unchanged as Natural Gas Futures Steady Early

Overall Forecast Themes Unchanged as Natural Gas Futures Steady Early

Natural gas futures were trading close to even early Friday amid no major changes to the weather outlook overnight, while analysts continued to mull the implications of the latest government inventory data. The May Nymex contract was up 1.2 cents to $2.534/MMBtu at around 8:50 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday…

April 9, 2021
EIA Forecasts Dramatic Increase in 2021 Henry Hub Prices

EIA Forecasts Dramatic Increase in 2021 Henry Hub Prices

Henry Hub natural gas spot prices are set to average $2.73/MMBtu during the second quarter of 2021 and should average $3.04 for the year, a dramatic increase over 2020 prices, according to updated projections from the U.S. Energy Information Administration (EIA). Spot prices at the national benchmark averaged $2.62 in March, EIA said in the…

April 8, 2021
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