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
Natural Gas Cash Prices Surge Down South on Wintry Weather; Futures Retreat
After rallying to above $3.200 last week, natural gas futures retreated Tuesday as forecasts showed milder temperatures arriving later this month. Meanwhile, unusually cold conditions in the South to start the week — including wintry precipitation in Southeast Texas — drove up spot prices across the region. The NGI National Spot Gas Average climbed 28 cents to $5.43/MMBtu.
January 16, 2018
February Natural Gas Follows Through After Thursday’s Surge, Storage Surprise
February natural gas was set to open Friday about 7 cents higher at around $3.160, building further on Thursday’s 17.8-cent surge following a record storage pull that exceeded market expectations.
January 12, 2018
U.S. Rig Count Climbs by 15 in Largest Weekly Increase Since May
U.S. drillers snapped out of their seasonal lull for the week ended Friday, adding 15 rigs to grow the domestic tally for the first time since May, according to data from Baker Hughes Inc. (BHI).
January 12, 2018
Five Natural Gas Rigs Added as U.S. Count Climbs by 15
The United States saw five natural gas rigs return to the patch as domestic drillers snapped out of their seasonal lull for the week ended Friday, according to data from Baker Hughes Inc. (BHI).
January 12, 2018
Another Round of Arctic Cold Lifts Natural Gas Spot Prices; Futures Surge to $3.20
Coming off a record storage pull, and with the latest weather data trending colder, prompt-month natural gas futures rallied Friday to their highest levels since November. Meanwhile, the arrival of more cold weather saw elevated winter pricing return to the cash market, especially along the East Coast; the NGI National Spot Gas Average jumped $1.97 to $5.15/MMBtu.
January 12, 2018
Thawing Temps Drop Weekly Natural Gas Spot Prices as Record Storage Pull Rallies Futures
A thaw from early January’s bone-chilling temperatures had natural gas spot prices retreating across the board for the week. Another round of winter weather forecast to arrive over the long Martin Luther King Jr. holiday weekend couldn’t offset early-week East Coast moderation from record highs, and the NGI Weekly Spot Gas Average dropped $7.10 to average $3.61/MMBtu.
January 12, 2018
Potential Record Storage Pull on Tap; February Natural Gas Called Higher
February natural gas was set to open Thursday about 7 cents higher at around $2.982 as the market looked ahead to a potentially record-setting Energy Information Administration (EIA) storage report.
January 11, 2018
Wowzers! Record 359 Bcf EIA Natural Gas Storage Pull Delivers on Lofty Expectations
It’s a new record — and it wasn’t even close.
January 11, 2018
Natural Gas Storage ‘Doozy’ Shatters Record, Sparks Futures Surge; Cash Rising Ahead of Cold
A record natural gas storage withdrawal that managed to exceed already lofty market expectations on Thursday helped spark a 17-cent surge in the prompt month futures contract. In the spot market, another round of cold temperatures helped drive widespread gains through the middle of the country, lifting the NGI National Spot Gas Average 9 cents to $3.18/MMBtu.
January 11, 2018
February NatGas Called Higher; Forecasts Trending Colder Next Week
February natural gas was set to open Wednesday about 3 cents higher at $2.959, helped by bullish adjustments to the outlook for Arctic cold expected move in next week.
January 10, 2018