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
Slowdown in Oil Patch Drops U.S. Rig Count to 942
Driven by a slowdown in the oil patch, the U.S. rig count eased four units to 942 for the week ended Aug. 2, according to data released Friday by Baker Hughes, a GE Company (BHGE).
August 2, 2019
U.S. Adds Two Natural Gas Rigs; Oil Count Slides
The U.S. natural gas rig count increased by two units to reach 171 for the period ended Aug. 2, partially offsetting another down week in the oil patch, according to data from Baker Hughes, GE Company (BHGE).
August 2, 2019
Loose Balances, Cooler Weather See NatGas Futures Stumble to Close Out Volatile Week
After rallying briefly earlier in the week, natural gas futures came crashing back down Friday, selling off sharply amid moderate forecasts and signs of ample supply. Spot prices mirrored the downward move in the futures market, with double-digit discounts across most of the Lower 48; the NGI Spot Gas National Avg. tumbled 19.0 cents to $1.840/MMBtu.
August 2, 2019
Up-and-Down Week for Natural Gas Markets as Weekly Spot Prices Mixed
An up-and-down week in the futures market — including a high-profile pipeline explosion and a bearish storage report — coincided with a mix of spot price moves on natural gas traded for delivery Aug. 1-5; NGI’s Weekly Spot Gas National Avg. fell 9.0 cents to $1.955/MMBtu.
August 2, 2019
Natural Gas Bulls Keep Charging in Early Trading as Rebound Continues; Forecasts Little Changed
Building on the bullish momentum from a sharp rebound in prices the previous session, natural gas futures surged higher in early Thursday trading despite analysts spotting few clear signals from forecasts or fundamentals. The September Nymex futures contract was trading 7.6 cents higher at $2.309/MMBtu shortly after 8:30 a.m. ET.
August 1, 2019
Bearish EIA Storage Miss Brings Abrupt Halt to Natural Gas Futures Rally
The Energy Information Administration (EIA) on Thursday reported a 65 Bcf weekly injection into U.S. natural gas stocks, on the high side of estimates, dealing a swift blow to surging futures prices.
August 1, 2019
Natural Gas Futures Rally Supported by Heat, Technical Factors
With the end of summer fast approaching, natural gas bulls seized their moment Wednesday as a hotter forecast helped to rally prices off a key support level. In the spot market, Gulf Coast prices followed futures higher; the NGI Spot Gas National Avg. climbed 4.5 cents to $2.000/MMBtu.
August 1, 2019
Natural Gas Bears on Front Foot in August Bidweek as Supply Overshadowing Demand
With summer heat failing to counterbalance continued supply growth, a bearish finish for the front month futures contract eroded natural gas prices across much of the Lower 48 during August bidweek; NGI’s August Bidweek National Avg. eased 4.0 cents to $1.940/MMBtu.
August 1, 2019
Wild Ride for Natural Gas Futures After Tetco Explosion, Bearish EIA Number
A roller coaster day of trading saw natural gas futures careen lower Thursday after a larger-than-expected inventory build erased an initially bullish response to an explosion on the Texas Eastern Transmission (Tetco) system in Kentucky.
August 1, 2019
Bears Hit Pause as Natural Gas Futures Inch Higher Amid Mixed Forecasts
Natural gas futures traded both sides of even before nudging higher Tuesday as the bears, taking in a mix of changes to the latest weather outlook, paused for a breather. In the spot market, maintenance wreaked havoc on prices in the Midcontinent and West Texas; the NGI Spot Gas National Avg. dropped 3.0 cents to $1.955/MMBtu.
July 31, 2019