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
October Natural Gas Called Near Even, Approaching ‘Cluster’ of Support
October natural gas futures were trading close to even Friday morning at around $2.778/MMBtu, with a seemingly range-bound market continuing to mull the implications of weekly government storage data that fell in line with expectations.
Permian, Haynesville Decline But BHGE U.S. Rig Count Steady
The overall U.S. rig count held flat at 1,048 for the week ended Friday (Sept. 7) as rigs departed the Permian Basin, Cana Woodford and the Haynesville Shale, according to data from Baker Hughes, a GE Company (BHGE).
U.S. Adds Two Natural Gas Rigs as BHGE’s Overall Count Steady
The United States added two natural gas rigs for the week ended Friday (Sept. 7) as the departure of two oil units held the overall domestic count flat at 1,048, according to data from Baker Hughes, a GE Company (BHGE).
West Texas Rises, East Coast Tumbles in Weekly Natural Gas Spot Market
Improving West Texas basis differentials helped offset declining East Coast premiums as natural gas spot prices were decidedly mixed for the week ended Sept. 7; the NGI Weekly National Spot Gas Average fell a nickel to $2.71/MMBtu.
Near-Average EIA Storage Build Expected as October Natural Gas Steady
With the market turning its attention to the 10:30 a.m. ET release of weekly Energy Information Administration (EIA) inventory data, which is expected to be near the five-year average, October natural gas futures were trading slightly lower Thursday morning at around $2.794/MMBtu.
EIA Storage Matches Consensus as Natural Gas Futures Response Mixed
The Energy Information Administration (EIA) reported a 63 Bcf build into Lower 48 gas stocks for the week ended Aug. 31, a number that fell in line with estimates.
Appalachian Prices Poised to Shake Off Shoulder Season Slump as Takeaway Grows
As major expansions like the 3.25 Bcf/d Rover Pipeline and 1.7 Bcf/d Atlantic Sunrise approach full service, further growing Appalachian takeaway capacity, the wide basis differentials that once dogged the historically constrained Marcellus and Utica shale region are shrinking — a trend that could come into sharp relief this shoulder season.
Storage Confirms Consensus as Natural Gas Bears in Control; East Coast Cash Down on Cooler Temps
Natural gas futures couldn’t break from a recent run lower Thursday as weekly government storage data confirmed expectations and allowed the bears to tighten their grip on the market. Spot prices fell across the East Coast with recent heat waning, while West Texas basis continued to strengthen; the NGI National Spot Gas Average dropped 11 cents to $2.67/MMBtu.
Natural Gas Bears Tighten Grip as Storage Matches Expectations; Waha Cash Up Again
Natural gas futures couldn’t break from a recent run lower Thursday as weekly government storage data confirmed expectations and allowed the bears to tighten their grip on the market. Spot prices fell across the East Coast with recent heat waning, while West Texas basis continued to strengthen; the NGI National Spot Gas Average dropped 11 cents to $2.67/MMBtu.
Natural Gas Futures Down Again as Forecasters Spot Cooler Short-Term Trends; Waha Basis Strengthens
Natural gas futures continued to slide Wednesday, with the market anticipating the start of the shoulder season as lingering summer heat looked less impressive in recent guidance. In the spot market, West Texas basis strengthened for the second straight day as East Coast points pulled back; the NGI National Spot Gas Average fell 3 cents to $2.78/MMBtu.