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
Forecasts Tease Heat as Natural Gas Futures Continue to Climb Early
With forecasts teasing the prospect of hotter temperatures arriving by early June, natural gas futures continued to climb in early trading Wednesday. Coming off a 34.8-cent gain in the previous session, the June Nymex contract was up 19.9 cents to $8.503/MMBtu at around 8:50 a.m. ET. July was up 20.0 cents to $8.594. Updated forecasting…
May 18, 2022
Production Declines Keep Skittish Market on Edge as Natural Gas Futures Rally Early
Natural gas futures were rallying early Tuesday as a drop in the latest production estimates added to the concerns of a market already skittish over supply adequacy heading into the summer cooling season. The June Nymex contract was up 35.1 cents to $8.307/MMBtu at around 8:45 a.m. ET. July was up 34.3 cents to $8.396.…
May 17, 2022
Natural Gas Production Growth to Continue in May, Driven by Haynesville, Appalachia, Permian
The Energy Information Administration (EIA) is modeling sizable natural gas production increases from several major plays next month, including the Appalachian Basin and the Haynesville Shale. Total natural gas production from seven key onshore regions is set to climb 750 MMcf/d from May to June, reaching 91.750 Bcf/d, the agency said in its latest Drilling…
May 16, 2022
Heat Seen Driving Strong Power Burns Over Weekend as Natural Gas Climbs Early
With conditions seen favoring robust cooling demand heading into the summer, natural gas futures climbed in early trading Monday. The June Nymex contract was up 16.9 cents to $7.832/MMBtu at around 8:40 a.m. ET. July was up 17.2 cents to $7.937. Strong power generation demand recently, driven by heat in the southern Lower 48 and…
May 16, 2022
Natural Gas Rig Count Climbs as U.S. Drilling Activity Continues to Rise
The U.S. natural gas rig count rose three units to 149 for the week ended Friday (May 13), while rising numbers in the oil patch rounded out another week of healthy gains for domestic drilling activity, the latest numbers from Baker Hughes Co. (BKR) show. Six oil-directed rigs were added along with the three natural…
May 13, 2022
Both Oil, Gas Drilling Numbers Rise as Steady Ascent for U.S. Drilling Tally Continues
With gains spread across both natural gas- and oil-directed drilling, the U.S. rig count continued its upward climb during the week ended Friday (May 13), adding nine units to reach 714, according to the latest tally from Baker Hughes Co. (BKR). Six oil-directed rigs and three natural gas-directed rigs were added in the United States…
May 13, 2022
Natural Gas Futures Advance Early as Analysts Mull Balances Following Latest Storage Print
As the market continued to mull the balance implications of the latest government inventory data in the context of broader supply adequacy concerns, natural gas futures advanced early Friday. The June Nymex contract was up 11.9 cents to $7.858/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 76 Bcf…
May 13, 2022
June Natural Gas Called Lower Ahead of Latest EIA Report
Natural gas futures pulled back in early trading Thursday as the market awaited the release of updated government inventory data, expected to show a build in line with historical norms. The June Nymex contract was down 17.3 cents to $7.467/MMBtu at around 8:50 a.m. ET. Surveys suggest the Energy Information Administration (EIA) will reveal a…
May 12, 2022
EIA Predicts $103 Crude Later in 2022 as Low Inventories Create Recipe for Volatility
Brent crude oil prices are on track to average $107/bbl in the second quarter and $103 in the second half of this year, with low inventories creating the potential for “significant price volatility,” according to the latest projections from the Energy Information Administration (EIA). Brent spot prices averaged $105 in April, a $13 sequential decrease,…
May 11, 2022
Natural Gas Output Up, but ‘Tight Balance’ Predicted for Summer as Demand Climbs, Storage Lags
Strong demand from the industrial sector and the “ripple effect” of Europe’s energy crisis will be among the key factors putting upward pressure on natural gas prices this summer, according to projections from the Natural Gas Supply Association (NGSA). In its 2022 Summer Outlook, published Wednesday, the trade group predicted downward pressure from weather and…
May 11, 2022