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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.

Energen Looking to Sell Remaining San Juan Assets, Focus on Permian

Energen Corp. plans to sell off its non-core assets in the San Juan and Delaware basins as it transitions to a pure-play operator in the Permian Basin, the company said.

February 16, 2016
Pioneer to Halve Rig Count in 2016, Ready to Roll When Prices Improve

Pioneer to Halve Rig Count in 2016, Ready to Roll When Prices Improve

Pioneer Natural Resources Co. will cut its drilling program in half in 2016 in response to the commodity price outlook, but with a strong balance sheet and improved drilling efficiency, executives said the company is well positioned to endure the downturn and capitalize when prices recover.

February 12, 2016
Atlantic Coast Pipeline Ready to Submit Alternative Route to Address USFS Concerns

Atlantic Coast Pipeline Ready to Submit Alternative Route to Address USFS Concerns

Officials with Atlantic Coast Pipeline LLC (ACP) said Friday that they have developed an alternative route through the Monongahela and George Washington national forests in Virginia and West Virginia after their previous route was rejected by the U.S. Forest Service (USFS).

February 12, 2016
Continental Reports 9% Reduction in 2015 Year-End Reserves

Continental Reports 9% Reduction in 2015 Year-End Reserves

Continental Resources Inc. ended 2015 with 1.23 billion boe in proved reserves, a 9% decrease from 1.35 boe at year-end 2014, the company said Wednesday.

February 11, 2016

S&P Downgrades Regional Banks Carrying Energy Loans as Oil, NatGas Prices Fail to Strengthen

In yet another sign that lower-for-longer commodity price sentiment has taken hold of the market, Standard & Poor’s Ratings Services (S&P) said Tuesday it downgraded four U.S. regional banks because of their large energy loan portfolios.

February 10, 2016

Virginia Bills to Thwart NatGas Pipeline Survey Efforts Stall

Two efforts to repeal a 2004 Virginia state law that gives natural gas companies a means to conduct surveys on private property without owner consent appear unlikely to make it through committee.

February 10, 2016
Recent Employment Data Points to Impact of Oil/Gas Downturn

Recent Employment Data Points to Impact of Oil/Gas Downturn

While the latest jobs report from the U.S. Bureau of Labor Statistics (BLS) showed the national unemployment rate falling again to reach 4.9% in January, the trend lines haven’t been nearly so encouraging for energy sector employment.

February 9, 2016

Oil/Gas Industry Groups Slam White House Budget Proposal

The Obama administration released its fiscal year 2017 budget request Tuesday, drawing harsh criticism from oil and gas groups, which accused the president of advancing anti-fossil fuel policies at the expense of consumers.

February 9, 2016

Obama’s Budget Pushes ‘Leave It in the Ground’ Energy Policies, Say Oil/Gas Critics

The Obama administration released its fiscal year 2017 budget request Tuesday, drawing harsh criticism from oil and gas groups, which accused the president of advancing anti-fossil fuel policies at the expense of consumers.

February 9, 2016
MPLX Lowers Capex, Growth Rate Expectations in Response to Downturn

MPLX Lowers Capex, Growth Rate Expectations in Response to Downturn

With the MarkWest Energy Partners LP/MPLX LP merger completed in December, the master limited partnership (MLP) reported its 4Q2015 results Wednesday, announcing that it has lowered its projected 2016 capital expenditures (capex) and revised down its expected distribution growth rate in response to the ongoing commodity downturn.

February 5, 2016