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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.

Forecasts Cool Over Weekend as Natural Gas Futures Called Lower Early

Forecasts Cool Over Weekend as Natural Gas Futures Called Lower Early

A cooler look from forecasts over the weekend helped send natural gas futures prices into retreat in early trading Monday. The September Nymex contract was off 3.8 cents to $2.200/MMBtu at around 8:45 a.m. ET.  Since Friday, the major weather models have trended cooler, with both the American and European datasets dropping several gas-weighted degree…

August 10, 2020
U.S. Natural Gas Rig Count Steady, but More Oil Rigs Exit Patch

U.S. Natural Gas Rig Count Steady, but More Oil Rigs Exit Patch

The U.S. natural gas rig count finished unchanged at 69 for the week ended Friday (Aug. 7), while yet another round of losses in the oil patch saw the combined domestic tally grind lower, according to the latest numbers from Baker Hughes Co. (BKR). The overall U.S. rig count dropped four units — all oil-directed…

August 7, 2020
FERC, Other Agencies Using Outdated Standards for LNG Permits, Watchdog Finds

FERC, Other Agencies Using Outdated Standards for LNG Permits, Watchdog Finds

Federal agencies including FERC have been using outdated technical standards for permitting liquefied natural gas (LNG) export facilities, an issue that could compromise safety, according to a government watchdog. The Government Accountability Office (GAO) said in a report published Thursday the Federal Energy Regulatory Commission, the Pipeline and Hazardous Materials Safety Administration (PHMSA) and the…

August 7, 2020
Oil Count Retreats Further as Permian Rigs Exit Patch

Oil Count Retreats Further as Permian Rigs Exit Patch

Yet another round of losses in the oil patch saw the U.S. rig count slide four units to 247 for the week ended Friday (Aug. 7), according to updated numbers from Baker Hughes Co. (BKR). Total oil-directed rigs in the United States fell four units to 176, while natural gas-directed rigs held steady at 69.…

August 7, 2020
Interim DAPL Operations Secured After Appeals Court Ruling, but Legal Battle Continues

Interim DAPL Operations Secured After Appeals Court Ruling, but Legal Battle Continues

In a move that should keep the Dakota Access Pipeline (DAPL) in operation for the time being, the U.S. Court of Appeals for the D.C. Circuit has stayed part of an order issued last month that would have required the crude oil system to empty pending further environmental review. However, in a decision filed Wednesday,…

August 7, 2020
Storage Situation Seen Causing More Volatility as Natural Gas Futures Climb Early

Storage Situation Seen Causing More Volatility as Natural Gas Futures Climb Early

With the recently volatile natural gas market continuing to decipher the storage picture as the end of injection season nears, futures were up a few pennies in early trading Friday. The September Nymex contract was up 3.2 cents to $2.197/MMBtu at around 8:40 a.m. ET. The forecast outlook shifted slightly hotter overnight, according to Bespoke…

August 7, 2020
Continental Expects Improved Cash Flow at $40/bbl as Production to Ramp Through End of 2020

Continental Expects Improved Cash Flow at $40/bbl as Production to Ramp Through End of 2020

After curtailing production in the second quarter amid the extraordinary disruptions caused by the coronavirus pandemic, Continental Resources Inc. (CLR) expects to boost cash flow at $40/bbl West Texas Intermediate (WTI) pricing as it looks to ramp up output through the end of the year, management said. The Oklahoma City-based independent in its 2Q2020 earnings…

August 6, 2020
Natural Gas Futures Probe Higher as Market Turns to Latest Round of EIA Data

Natural Gas Futures Probe Higher as Market Turns to Latest Round of EIA Data

Even as the weather and fundamentals outlooks appeared mostly unchanged day/day, natural gas futures probed higher in early trading Thursday, riding a wave of recent bullish momentum as the market prepared to digest the latest government inventory data. The September Nymex contract was up 4.0 cents to $2.231/MMBtu at around 8:45 a.m. ET. This week’s…

August 6, 2020
September Natural Gas Called Slightly Higher Early as Heat, LNG Remain Supportive

September Natural Gas Called Slightly Higher Early as Heat, LNG Remain Supportive

Aided by hot temperatures in the forecast and an improved outlook for export demand, natural gas futures continued to build on their recent upward momentum in early trading Wednesday. The September Nymex contract was up 1.0 cent to $2.203/MMBtu at around 8:50 a.m. ET. The gains this week have occurred on a combination of rallying…

August 5, 2020
September Natural Gas Futures Continue Advance as Market’s Storage Fears Ease

September Natural Gas Futures Continue Advance as Market’s Storage Fears Ease

Coming off a roaring advance in the previous session, natural gas futures continued to climb near the front of the curve in early trading Tuesday as analysts pointed to easing storage availability fears. The September Nymex contract was up 3.2 cents to $2.133/MMBtu at around 8:45 a.m. ET. Monday’s stunning 30.2-cent rally for the September…

August 4, 2020