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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.

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
U.S. Rig Count Steady After Small Adjustments in Haynesville, Permian

U.S. Rig Count Steady After Small Adjustments in Haynesville, Permian

The U.S. rig count held essentially flat for the week ended Friday (June 4), dropping one unit overall to fall to 456, including a small net decline in the Permian Basin and a small uptick in the Haynesville Shale, according to data from Baker Hughes Co. (BKR). Oil-directed drilling went unchanged week/week in the United…

June 4, 2021
Market Said to be Expecting Leaner EIA Print Next Week as Natural Gas Futures Climb

Market Said to be Expecting Leaner EIA Print Next Week as Natural Gas Futures Climb

Traders shrugged off somewhat weaker heat in the latest forecasts to send natural gas futures a few cents higher early Friday. The July Nymex contract was up 2.4 cents to $3.065/MMBtu at around 8:50 a.m. ET. Updated forecasts early Friday showed an overall drop in demand expectations for the next 15 days, marking a third…

June 4, 2021
Natural Gas Forwards Sizzle as June Heat Jolts Futures Market

Natural Gas Forwards Sizzle as June Heat Jolts Futures Market

Forecasts promising toasty temperatures during the second week of June prompted double-digit gains for natural gas forwards prices at numerous Lower 48 hubs during the trading week ended June 2, according to NGI’s Forward Look. A prominent increase in cooling demand expectations from forecasts over the Memorial Day weekend sent Nymex futures sharply higher in…

June 3, 2021
Trump-Era Water Rule Getting Rolled Back as EPA Seeks to Bolster State, Tribal Authority

Trump-Era Water Rule Getting Rolled Back as EPA Seeks to Bolster State, Tribal Authority

The U.S. Environmental Protection Agency (EPA) plans to revise a Trump administration final rule issued last year to streamline Clean Water Act Section 401 certification, a move the Biden administration characterized as an effort to strengthen “state and Tribal authority” over review decisions. By giving the states authority to make water quality permitting decisions for…

June 3, 2021
Mid-June Temps Seen Cooling as Natural Gas Futures Ease Lower

Mid-June Temps Seen Cooling as Natural Gas Futures Ease Lower

A moderating forecast for mid-June temperatures kept the pressure on natural gas futures early Thursday as traders awaited the latest round of government inventory data. The July Nymex contract was down 1.0 cents to $3.065/MMBtu at around 8:50 a.m. ET. Estimates for this week’s Energy Information Administration (EIA) storage report, scheduled for 10:30 a.m. ET,…

June 3, 2021