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
Natural Gas Futures Higher After Late Jump; Modest Cash Gains — MidDay Market Snapshot
Natural gas futures were headed for another daily decline through midday trading Tuesday before a sudden burst higher around 2 p.m. ET threatened to give market onlookers whiplash. Cash prices for the most part were advancing modestly off recent lows. Here’s the latest: May Nymex futures at $1.722/MMBtu as of 2:14 p.m. ET, up 3.1…
Production from Natural Gas Plays to Continue Declining This Spring, EIA Says
Natural gas production from seven key Lower 48 regions tracked by the U.S. Energy Information Administration (EIA) will slide from April to May, driven by declines in the Haynesville Shale and the Appalachian Basin. EIA’s latest Drilling Productivity Report (DPR), published Monday, modeled a combined 99.9 Bcf/d of natural gas output in May from seven…
Natural Gas Futures Steady Early as Market Mulls Sagging Production, LNG Numbers
After tumbling in the previous session, natural gas futures held steady in early trading Tuesday as the market continued to assess apparent weakness in both export and production volumes. The May Nymex contract was trading fractionally lower at $1.690/MMBtu at around 8:45 a.m. ET. The latest daily production estimates from Wood Mackenzie showed domestic output…
Natural Gas Futures Sinking on Weak LNG; Bargain Spot Prices Persist — MidDay Market Snapshot
Natural gas markets felt the pressure of soft shoulder season fundamentals through midday trading Monday. Pleasant April weather, sagging export volumes and the continued inversion of the West Texas spot market contributed to a bearish outlook. Here’s the latest: May Nymex futures down 9.0 cents to $1.680/MMBtu as of 2:17 p.m. ET Flows to U.S.…
Weak LNG Volumes, Mild Weather Sink Natural Gas Futures Early
As weaker export numbers and a mild spring forecast hampered the near-term demand outlook, natural gas futures sank in early trading Monday. After eking out a modest day/day gain on Friday, the May Nymex contract was down 4.8 cents to $1.722/MMBtu at around 8:45 a.m. ET. June was off 5.1 cents to $1.978. The natural…
Permian Natural Gas Forwards Plunge; Prices Steady Elsewhere on Shoulder Season Conditions
With the market weighing mild shoulder season weather and bloated storage against weaker production, regional natural gas forward prices generally held steady at the front of the curve during the April 4-10 trading period. Fixed prices at benchmark Henry Hub finished the period at $1.888/MMBtu for May delivery, up 4.3 cents week/week, according to NGI’s…
Natural Gas Futures Steady; Cash Plunging Ahead of Weekend — MidDay Market Snapshot
Natural gas futures were on track to finish near even at the front of the curve through midday Friday as a steep sell-off in the previous session had bulls licking their wounds. Spot prices, meanwhile, were plummeting on pleasant April weather and light weekend demand. Here’s the latest: May Nymex contract at $1.773/MMBtu at around…
U.S. Sheds One Natural Gas Rig, Combined Domestic Count Down Three
The U.S. natural gas rig count fell one unit to finish at 109 for the week ended Friday (April 12), while a small decrease in oil drilling dropped the combined domestic tally three units to 617, according to the latest numbers from Baker Hughes Co. (BKR). Total domestic natural gas rigs finished the period down…
Natural Gas Futures Steady Amid LNG Weakness, Cooler Forecast Trends
Following a heavy sell-off in the previous session, natural gas futures treaded water in early trading Friday as the market continued to digest the price implications of an unexpectedly plump springtime injection. The May Nymex contract was trading at $1.766/MMBtu, up 0.2 cents, as of 8:40 a.m. ET. June was up 0.2 cents to $2.002.…
Natural Gas Forwards Steady as Market Waits for Summer Cooling Demand
With the market weighing mild shoulder season weather and bloated storage against weaker production, regional natural gas forward prices generally held steady at the front of the curve during the April 4-10 trading period. Fixed prices at benchmark Henry Hub finished the period at $1.888/MMBtu for May delivery, up 4.3 cents week/week, according to NGI’s…