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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.

September Natural Gas Slides Further as Weekend Weather Models Shift Cooler

September Natural Gas Slides Further as Weekend Weather Models Shift Cooler

Adding to hefty losses going back to last week’s contract rollover, natural gas futures retreated in early trading Monday as weekend weather models moderated. The September Nymex contract was down 32.0 cents to $7.909/MMBtu as of around 8:45 a.m. ET. Over the weekend weather models trended cooler for the first half of August, though the…

August 1, 2022
U.S. Natural Gas Drilling Tally Inches Higher as Oil Patch Sees More Growth

U.S. Natural Gas Drilling Tally Inches Higher as Oil Patch Sees More Growth

The U.S. natural gas rig count rose two units to 157 for the week ended Friday (July 29), while a six-rig increase in oil-directed drilling helped lift the combined domestic count nine units higher to 767, according to updated figures from Baker Hughes Co. (BKR). Along with the higher natural gas- and oil-directed drilling totals,…

July 29, 2022
Texas Tally Rises, Lifting U.S. Drilling Total Higher in Latest Baker Count

Texas Tally Rises, Lifting U.S. Drilling Total Higher in Latest Baker Count

With activity climbing in Texas, the U.S. rig count surged nine units higher to 767 for the week ended Friday (July 29), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Oil-directed drilling increased by six rigs domestically, with two natural gas-directed rigs and one miscellaneous unit also added for the…

July 29, 2022
Summer Heat Eating into Storage as Natural Gas Futures Pare Losses Early

Summer Heat Eating into Storage as Natural Gas Futures Pare Losses Early

Natural gas futures pared their losses in early trading Friday as analysts parsed the latest government inventory data, finding evidence of a storage cushion worn down by sweltering summer temperatures.  Coming off a 42.0-cent sell-off in the previous session, the September Nymex contract was up 19.5 cents to $8.329/MMBtu at around 8:50 a.m. ET. The…

July 29, 2022
September Natural Gas Called Slightly Higher as Traders Prepare to Digest EIA Report

September Natural Gas Called Slightly Higher as Traders Prepare to Digest EIA Report

Natural gas futures were up slightly early Thursday as traders awaited updated government inventory data for further evidence — or not — of the tighter supply/demand balance implied by the week-earlier print. The September Nymex contract was up 6.2 cents to $8.616/MMBtu at around 8:55 a.m. ET. Estimates ahead of this week’s Energy Information Administration…

July 28, 2022
Volatility Expected into August Expiry as Natural Gas Futures Pull Back Early

Volatility Expected into August Expiry as Natural Gas Futures Pull Back Early

Natural gas futures retreated in early trading Wednesday as analysts predicted more volatility heading into the prompt month expiration. The August Nymex contract, set to roll off the board Wednesday, was down 24.3 cents to $8.750/MMBtu at around 8:45 a.m. ET. Natural gas prices went on a “wild ride” in Tuesday’s session, turning in a…

July 27, 2022
Natural Gas Futures Surge Higher as Rally Continues Ahead of Contract Expiration

Natural Gas Futures Surge Higher as Rally Continues Ahead of Contract Expiration

Natural gas futures were exploding higher early Tuesday, extending the previous session’s rally as traders continued factoring in searing heat and the upcoming front month contract expiration. The August Nymex contract, which rolls off the board on Wednesday, was soaring 68.6 cents higher to $9.413/MMBtu at around 8:45 a.m. ET. September was up 55.9 cents…

July 26, 2022
Natural Gas Futures Called Higher as Heat, Contract Expiration Seen Influencing Trade

Natural Gas Futures Called Higher as Heat, Contract Expiration Seen Influencing Trade

Natural gas futures advanced early Monday as traders factored in continued strong summer cooling demand and the upcoming front-month expiration. The August Nymex contract, set to roll off the board later this week, was up 16.9 cents to $8.468/MMBtu as of around 8:40 a.m. ET. September was up 13.0 cents to $8.325. Weather models shed…

July 25, 2022
Weekly Natural Gas Spot Prices Heat Up on Sweltering Summer Temperatures

Weekly Natural Gas Spot Prices Heat Up on Sweltering Summer Temperatures

Like the proverbial egg on the sidewalk, smothering summer temperatures had natural gas markets cooking during the trading week ended July 22. From coast to coast, most natural gas spot price hubs added more than a dollar in value, with the NGI’s Weekly Spot Gas National Average ascending $1.520 week/week to $8.250/MMBtu. Henry Hub rallied…

July 22, 2022
U.S. Natural Gas Drilling Total Climbs, Oil Activity Flat in Latest BKR Count

U.S. Natural Gas Drilling Total Climbs, Oil Activity Flat in Latest BKR Count

The U.S. natural gas rig count rose two units to 155 during the week ended Friday, propelling the combined domestic tally to 758 as domestic oil drilling held flat, updated numbers from Baker Hughes Co. (BKR) show. Total oil-directed rigs were unchanged domestically for the period at 599. The 758 active U.S. rigs as of…

July 22, 2022