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
Canadian Oilsands Growth Set to Slow to 2030 as Constraints Hamper Investment, Says IHS Markit
Total Canadian oilsands production is projected to approach 4 million b/d by 2030, nearly 1 million b/d more than current output, though the rate of growth is set to slow compared to previous years, according to a new 10-year production forecast published by IHS Markit.
June 5, 2019
‘Massive’ Drop in Daily Production Data Supports Natural Gas Futures Early
With a drop in the latest production data relieving some of the recent downward pressure on natural gas prices, futures were trading slightly higher early Tuesday. At 8:30 a.m. ET, the Nymex July contract was trading 0.7 cents higher at $2.410/MMBtu.
June 4, 2019
Resource Energy Expanding Bakken Position in Deal with Unnamed Seller
Resource Energy Can-Am LLC is adding to its inventory in North Dakota’s Bakken Shale, buying up 2.2 million boe of proved producing net reserves from an undisclosed seller, management for the producer announced Tuesday.
June 4, 2019
NGI The Weekly Gas Market Report
Natural Gas Key for National Oil Companies Adapting to Climate Change Risk, Moody’s Finds
Making natural gas a focal point of their carbon reduction efforts, state-sponsored oil companies across the globe are reshaping their business models in response to climate change initiatives, a new report from Moody’s Investors Service finds.
June 4, 2019
Uncertainty Over Tariffs Drives Bearish Sentiment; Sell-Off Continues for Natural Gas Futures After Larger Storage Build
Uncertainty created by U.S. trade policy — made top-of-mind by President Trump’s announcement of new tariffs on Mexico — appeared to drive bearish sentiment across multiple energy futures markets Friday, including West Texas Intermediate and heating oil, Powerhouse CEO Alan Levine told NGI.
June 3, 2019
June Weather Outlook ‘Decisively Cooler’ as Natural Gas Futures Called Lower
With forecasts over the weekend pointing to mild conditions stretching into the middle part of June, natural gas futures continued to grind lower early Monday. At around 8:30 a.m. ET, the Nymex July contract was off 1.6 cents to $2.438/MMBtu.
June 3, 2019
Summertime Blues? NatGas Futures Plummet on Mild June Outlook as Bidweek Prices Mixed
A slow start to summer heat, compounded by plump injections throughout the shoulder season, kept a lid on June natural gas bidweek prices. Less-than-inspiring forecasts accompanied a mix of mostly small month/month adjustments throughout the Gulf Coast, Midwest and East; the NGI June Bidweek National Avg. crept 4.0 cents higher to $2.105/MMBtu.
June 3, 2019
Permian Cash Gains; Big Bearish Miss for EIA Sees Natural Gas Futures Slide
A large bearish miss in the latest U.S. government inventory data and forecasts showing underwhelming levels of June cooling demand had natural gas futures bulls in retreat Thursday.
May 31, 2019
Natural Gas Market Mulling Balances; July Called Slightly Higher
With the latest forecasts contributing only small adjustments to the outlook and the market continuing to mull balances following a hefty weekly inventory build, natural gas futures were trading slightly higher early Friday. The Nymex July contract was trading around $2.567/MMBtu as of 8:30 a.m. ET, up 2.0 cents.
May 31, 2019
U.S. Rig Count Steady as Marcellus, Utica Activity Slows
The U.S. rig count added one unit to finish at 984 for the week ended May 31, although activity in the natural gas-focused Northeast slowed, according to data from Baker Hughes, a GE Company (BHGE).
May 31, 2019