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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.

Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower

More rigs flocked to the oil patch during the week ended Friday (June 11), offsetting a small decrease in natural gas-directed drilling to lift the combined U.S. count five units to 461, according to the latest data published by Baker Hughes Co. (BKR). Oil-directed drilling increased by six units in the United States for the…

June 11, 2021
Tetco Warns Restrictions to Stretch into 3Q2021 as Natural Gas Futures Surge

Tetco Warns Restrictions to Stretch into 3Q2021 as Natural Gas Futures Surge

A pipeline notice raising the prospect of prolonged supply disruptions out of the Northeast had natural gas futures surging in early trading Friday. The July Nymex contract was trading 10.3 cents higher to $3.252/MMBtu at around 8:50 a.m. ET. In a posting to its bulletin board shortly before 6 p.m. ET Thursday, Texas Eastern Transmission…

June 11, 2021
Temps, Appalachian Supply Worries Keep Heat on Natural Gas Forwards

Temps, Appalachian Supply Worries Keep Heat on Natural Gas Forwards

Big basis moves in Appalachia and on the West Coast highlighted natural gas forwards trading during the June 3-9 period, while a sufficiently hot forecast helped propel a broader move higher for the Lower 48 overall, according to NGI’s Forward Look. Fixed prices for July delivery were higher week/week by around 10-15 cents at numerous…

June 10, 2021
Models ‘Tease Stronger Demand’ for Late June as Natural Gas Futures Called Higher

Models ‘Tease Stronger Demand’ for Late June as Natural Gas Futures Called Higher

As traders prepared to digest a potential triple-digit injection from the latest round of government inventory data, and as weather models hinted at hot temperatures developing later this month, natural gas futures probed slightly higher early Thursday. The July Nymex contract was up 1.8 cents to $3.147/MMBtu at around 8:45 a.m. ET. Estimates have been…

June 10, 2021
EIA’s Forecast Henry Hub Price Climbs for 2021; U.S. Crude Output to Grow in 2022

EIA’s Forecast Henry Hub Price Climbs for 2021; U.S. Crude Output to Grow in 2022

The Energy Information Administration (EIA) said this week that it’s raising its expected average 2021 Henry Hub natural gas spot price to $3.07/MMBtu, which would come in more than $1 above the $2.03 average recorded in 2020. In the June edition of its Short-Term Energy Outlook issued Tuesday, the agency said it expects the average…

June 9, 2021
Natural Gas Futures Climb Early as Heat Seen Potentially Returning to Eastern U.S.

Natural Gas Futures Climb Early as Heat Seen Potentially Returning to Eastern U.S.

Natural gas futures probed slightly higher early Wednesday as updated forecasts teased the prospect of heat building in the eastern part of the country later this month. The July Nymex contract was up 2.0 cents to $3.148/MMBtu at around 8:50 a.m. ET. As of early Wednesday the latest 15-day forecast from Bespoke Weather Services had…

June 9, 2021
EIA Raises 2021 Henry Hub Natural Gas Price on Strength in LNG, Domestic Consumption

EIA Raises 2021 Henry Hub Natural Gas Price on Strength in LNG, Domestic Consumption

The Energy Information Administration (EIA) has raised its expected average 2021 Henry Hub natural gas spot price to $3.07/MMBtu, which would come in more than $1 above the $2.03 average recorded in 2020. In the June edition of its Short-Term Energy Outlook issued Tuesday, the agency said it expects the average spot price at the…

June 8, 2021
Natural Gas Futures Rally as Euro Model Posts Large CDD Increase

Natural Gas Futures Rally as Euro Model Posts Large CDD Increase

Rising cooling demand expectations in recent weather model runs had natural gas futures rebounding sharply in early trading Tuesday. The July Nymex contract was up 9.2 cents to $3.162/MMBtu at around 8:50 a.m. ET. After settling 2.7 cents lower at $3.070 in Monday’s session, the July contract “quickly rebounded” in after hours trading following a…

June 8, 2021
Cooler Weather Pressures Natural Gas Futures Lower in Early Trading

Cooler Weather Pressures Natural Gas Futures Lower in Early Trading

Moderating summer heat in the latest forecasts helped send natural gas futures a few cents lower in early trading Monday. As of 8:45 a.m. ET, the July Nymex contract was down 3.8 cents to $3.059/MMBtu. The temperature outlook trended slightly cooler over the weekend, according to Bespoke Weather Services, leading the firm to remove 2-3…

June 7, 2021
Natural Gas Count Down One in U.S. as Oil Count Steady

Natural Gas Count Down One in U.S. as Oil Count Steady

The U.S. natural gas rig count fell one unit to 97, while the oil-directed rig count remained unchanged, leaving the overall domestic drilling total essentially flat for the week ended Friday (June 4), according to updated figures from Baker Hughes Co. (BKR). The United States had a combined 456 active rigs as of Friday, up…

June 4, 2021