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
Cooler Weather Helps Drag Down Natural Gas Futures as Production Keeping Bears in Control
Natural gas futures continued their recent slide Tuesday as strong production and cooler weather trends conspired to help drag down prices. In the spot market, more volatility in Southern California and retreating prices in the Northeast headlined a day of generally small adjustments; the NGI National Spot Gas Average gave back a penny to finish at $2.74/MMBtu.
Natural Gas Futures Slide Further on Production, Cooler Weather
Natural gas futures continued their recent slide Tuesday as strong production and cooler weather trends conspired to help drag down prices. In the spot market, more volatility in Southern California and retreating prices in the Northeast headlined a day of generally small adjustments; the NGI National Spot Gas Average gave back a penny to finish at $2.74/MMBtu.
Long-Range Cooling Seen Easing as August Natural Gas Called Slightly Higher
August natural gas futures were set to open Monday about 1.6 cents higher at around $2.768/MMBtu as forecasters pointed to mixed changes in the weather data over the weekend, including the prospect of less long-range cooling.
Natural Gas Futures Near Even as Heat, Storage Help Support Hold
Natural gas futures traded on either side of $2.75 Monday as the market continued to see production offsetting storage deficits. Near-term heat sent spot prices higher in Southern California, while Appalachian locations benefited from the return of Leach XPress capacity; the NGI National Spot Gas Average gained 7 cents to $2.75/MMBtu.
Heat, Storage Lend Support as Natural Gas Futures Steady; SoCal Spikes
Natural gas futures traded on either side of $2.75 Monday as the market continued to see production offsetting storage deficits. Near-term heat sent spot prices higher in Southern California, while Appalachian locations benefited from the return of Leach XPress capacity; the NGI National Spot Gas Average gained 7 cents to $2.75/MMBtu.
Production Still Keeping Bears in Control as August Natural Gas Called Lower
August natural gas futures were set to open slightly lower Friday at around $2.793/MMBtu, with production and forecasts showing a let-up in heat across key markets that were keeping bears in control despite storage deficits.
Northeast, Haynesville Flat as Natural Gas Drilling Drives Small Uptick in Rig Count
The U.S. rig count inched higher during the week ended Friday, thanks to a small uptick in natural gas-directed drilling, though activity was flat in the largest gas-focused onshore plays, according to data from Baker Hughes Inc. (BHI).
U.S. Adds Two Natural Gas Rigs, While Oil Count Flat, Says BHI
Two natural gas-directed rigs returned to action in the United States during the week ended Friday as oil activity held steady, according to data from Baker Hughes Inc. (BHI).
Production Squashing Storage Fears as Natural Gas Futures Continue Slide
Natural gas futures bulls gave up more ground Friday as production continued to allay the market’s storage concerns. Spot prices fell throughout the Midwest with cooler temperatures in the forecast, while the volatile SoCal Citygate gained heading into the weekend; the NGI National Spot Gas Average dropped 3 cents to $2.68/MMBtu.
Weekly Natural Gas Spot Prices Even Amid Rising SoCal, Falling New England
The natural gas spot market for the week ended Friday featured rising prices in toasty Southern California and discounts along the opposite coast thanks to some more moderate temperatures in the East; the NGI Weekly National Spot Gas Average finished unchanged at $2.70/MMBtu.