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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 Slide Early Amid Freeport LNG Impacts as Forecasts Trend Hotter

Natural Gas Futures Slide Early Amid Freeport LNG Impacts as Forecasts Trend Hotter

With the market still pricing in the balance impacts of a prolonged outage at the Freeport liquefied natural gas (LNG) terminal, traders shrugged off warmer forecast trends to send futures lower in early trading Wednesday.  The July Nymex contract was off 17.3 cents to $6.635/MMBtu as of around 8:55 a.m. ET. Both the American and…

June 22, 2022
Natural Gas Futures Extend Losses as Weekend Forecasts Lower Cooling Demand

Natural Gas Futures Extend Losses as Weekend Forecasts Lower Cooling Demand

A drop in cooling demand expectations over the extended weekend, set against a backdrop of a prolonged outage at a major U.S. export facility, saw natural gas futures extend their losses in early trading Tuesday. Coming off a 52.0-cent plunge back on Friday, the July Nymex contract was down another 26.0 cents to $6.684/MMBtu at…

June 21, 2022
Natural Gas Drilling Tally Up Three; Oil Activity Also Climbs

Natural Gas Drilling Tally Up Three; Oil Activity Also Climbs

The U.S. natural gas rig count rose three units to finish at 154 for the week ended Friday (June 17), while another round of oil drilling gains helped push the combined domestic tally seven units higher to 740, updated numbers from Baker Hughes Co. (BKR) show. Four oil-directed rigs were added alongside the three natural…

June 17, 2022
Freeport LNG Outage Dominates North American Natural Gas Price Outlook

Freeport LNG Outage Dominates North American Natural Gas Price Outlook

An extended outage at the Freeport liquefied natural gas (LNG) terminal continued to dominate the North American natural gas price outlook during the June 9-15 trading period, casting a wide shadow over regional markets from coast to coast, NGI’s Forward Look data show. The initial outage following an explosion at the 2.0 Bcf/d Freeport terminal…

June 17, 2022
U.S. Upstream Activity Ratchets Higher to 740 on Gains in Both Oil, Gas Drilling

U.S. Upstream Activity Ratchets Higher to 740 on Gains in Both Oil, Gas Drilling

The U.S. rig count climbed seven units to 740 during the week ended Friday (June 17) on a combination of gains in both oil- and natural gas-directed drilling, according to the latest numbers from Baker Hughes Co. (BKR). Four oil-directed rigs and three natural gas-directed rigs were added in the United States for the week,…

June 17, 2022
Natural Gas Futures Called Slightly Higher as Traders Position Ahead of Weekend

Natural Gas Futures Called Slightly Higher as Traders Position Ahead of Weekend

With traders expected to jockey for position ahead of an extended Juneteenth holiday weekend that could introduce a pivotal shift in the summer temperature outlook, natural gas futures traded both sides of even early Friday. The July Nymex contract was up 1.8 cents to $7.482/MMBtu at around 8:50 a.m. ET. The July contract retreated from…

June 17, 2022
Freeport LNG News Shakes Up Natural Gas Forwards Market, but Weather Still Wild Card

Freeport LNG News Shakes Up Natural Gas Forwards Market, but Weather Still Wild Card

An extended outage at the Freeport liquefied natural gas (LNG) terminal continued to dominate the North American natural gas price outlook during the June 9-15 trading period, casting a wide shadow over regional markets from coast to coast, NGI’s Forward Look data show. The initial outage following an explosion at the 2.0 Bcf/d Freeport terminal,…

June 16, 2022
Natural Gas Futures Extend Recovery Ahead of EIA Report; Temps ‘Solidly Hot and Bullish’

Natural Gas Futures Extend Recovery Ahead of EIA Report; Temps ‘Solidly Hot and Bullish’

Against a backdrop of sweltering heat at home and surging prices abroad, and with traders still factoring in the balance implications of an extended outage at a major U.S. export facility, natural gas futures advanced early Thursday ahead of the latest round of government storage data. The July Nymex contract was up 38.3 cents to…

June 16, 2022
Natural Gas Futures Rebound Early as Traders Weigh Freeport Outage, Potentially Hot Summer

Natural Gas Futures Rebound Early as Traders Weigh Freeport Outage, Potentially Hot Summer

Natural gas futures rebounded early Wednesday as traders continued to mull the impact of an extended outage at the Freeport liquefied natural gas (LNG) export terminal in the context of storage deficits and a potentially hot summer ahead. After plummeting $1.420 in Tuesday’s session following news that the Freeport LNG facility won’t see a return…

June 15, 2022
Haynesville, Appalachia to Pace Lower 48 Natural Gas Output Growth in July, EIA Says

Haynesville, Appalachia to Pace Lower 48 Natural Gas Output Growth in July, EIA Says

Natural gas production from seven key U.S. onshore regions is set to surge 781 MMcf/d higher from June to July, paced by the Haynesville Shale and the Appalachian Basin, updated modeling from the Energy Information Administration (EIA) shows. The Appalachia and Haynesville regions are on pace to grow output by 231 MMcf/d and 226 MMcf/d,…

June 14, 2022