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
Permian Activity Declines as U.S. Rig Count Down Two
Driven by declines in the Permian Basin, the U.S. rig count fell two units overall to drop to 263 for the short holiday week ending Thursday (July 2), according to the latest numbers from Baker Hughes Co. (BKR). Changes for the week included a three-rig decline in oil-directed drilling, partially offset by the addition of…
July 2, 2020
U.S. Adds One Natural Gas Rig as Oil Count Slides
The U.S. natural gas rig count climbed one unit to finish at 76 for the holiday-shortened week ending Thursday (July 2), while declines in the Permian Basin led a modest drop-off in the oil patch, according to the latest numbers from Baker Hughes Co. (BKR). After accounting for a three-rig decline in oil-directed rigs, the…
July 2, 2020
Traders Anticipating Double-Digit Injection as Natural Gas Futures Called Slightly Higher
As traders prepared for the potentially pivotal release of the latest government storage data, natural gas futures were up modestly in early trading Thursday. The August Nymex contract was trading at $1.694/MMBtu at around 8:45 a.m. ET, up 2.3 cents. Coming off a plump 120 Bcf injection reported a week earlier, analysts anticipate a much…
July 2, 2020
July Bidweek Marked by Discounts as Natural Gas Traders Mull Loose Balances, LNG Declines
Dragged down by loose balances amid weaker export demand, natural gas prices skidded lower in July bidweek trading even as a toasty forecast offered some encouragement for the bulls. NGI’s July Bidweek National Avg. fell 9.5 cents month/month to $1.450/MMBtu. That marks a 53-cent decline from the $1.980 average NGI recorded for July 2019 bidweek,…
July 1, 2020
Appeals Court Rules FERC Can’t Delay Judicial Review of Pipelines Via Tolling Orders
FERC’s practice of issuing tolling orders to extend its rehearing process for pipeline projects is not consistent with federal statute, the U.S. Court of Appeals for the District of Columbia Circuit has ruled. The ruling could prove a major boon for pipeline opponents by allowing them to more quickly seek judicial review of Federal Energy…
July 1, 2020
Drop in LNG Feed Gas Volumes Sinks Natural Gas Futures Early
Indications of a drop in liquefied natural gas (LNG) export demand had natural gas futures trading sharply lower early Wednesday. The August Nymex contract was down 8.9 cents to $1.662/MMBtu at around 8:40 a.m. ET. Estimates from Genscape Inc. showed U.S. LNG feed gas demand down to 3.1 Bcf/d early Wednesday, a 1.1 Bcf/d day/day…
July 1, 2020
FERC’s Use of Tolling Orders to Delay Pipeline Challenges Overruled by DC Court
FERC’s practice of issuing tolling orders to extend its rehearing process for pipeline projects is not consistent with federal statute, the U.S. Court of Appeals for the District of Columbia Circuit has ruled. The ruling could prove a major boon for pipeline opponents by allowing them to more quickly seek judicial review of Federal Energy…
June 30, 2020
Heat ‘Solidly Bullish’ for First Half of July as Natural Gas Extends Rally Early
As the latest weather data continued to show strong heat for much of the country through the first half of July, natural gas futures continued higher in early trading Tuesday. The August Nymex contract was up 4.1 cents to $1.750/MMBtu at around 8:45 a.m. ET. Both the American and European models advertised hotter trends overnight,…
June 30, 2020
Hotter Forecast Boosts Natural Gas Early as Futures Look to ‘Mount a Comeback’
A hotter-trending weather outlook over the weekend helped lift natural gas futures sharply higher in early trading Monday. The August Nymex contract was up 7.6 cents to $1.620/MMBtu at around 8:40 a.m. ET. Coming off hotter trends over the weekend, Bespoke Weather Services said the next two weeks are looking “very impressive in terms of…
June 29, 2020
Natural Gas Rigs Unchanged in U.S. as Post-Covid Declines Leveling Off
The U.S. natural gas rig count remained unchanged at 75 during the week ended Friday, while a modest decrease in oil activity showed upstream activity finally leveling off after a prolonged period of Covid-induced retrenchment. According to the latest figures from Baker Hughes Co. (BKR), the overall U.S. rig count posted its smallest weekly decline…
June 26, 2020