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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.

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

The U.S. natural gas rig count rose two units to finish at 101 during the week ended Friday, a week that also saw a notable uptick in drilling activity in the Gulf of Mexico (GOM), according to updated data from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the…

July 9, 2021
Rigs Added in Gulf of Mexico as U.S. Count Continues Steady Ascent

Rigs Added in Gulf of Mexico as U.S. Count Continues Steady Ascent

An uptick in drilling activity in the Gulf of Mexico (GOM) helped lift the U.S. rig count four units higher to 479 during the week ended Friday (July 9), according to updated numbers from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the week were split evenly between natural…

July 9, 2021
Natural Gas Futures Advance Early as Analysts Highlight Tightness in EIA South Central

Natural Gas Futures Advance Early as Analysts Highlight Tightness in EIA South Central

As analysts continued to mull the balance implications of a government inventory report that surprised to the bullish side of market expectations, natural gas futures probed higher in early trading Friday. The August Nymex contract was up 3.2 cents to $3.720/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a…

July 9, 2021
EIA Predicts $72 Brent for 2H2021, Tacks on 14 Cents to Henry Hub Forecast

EIA Predicts $72 Brent for 2H2021, Tacks on 14 Cents to Henry Hub Forecast

Brent crude prices gained $5/bbl from May to June and are on track to average $72 during the second half of 2021 (2H2021), the Energy Information Administration (EIA) said in an updated forecast published Wednesday. Brent prices rose to $73 in June, up $5 month/month and up $33 from year-ago prices, EIA said. Rising production…

July 8, 2021
Natural Gas Bulls Look to Stop Bleeding as Futures Slide Ahead of EIA Report

Natural Gas Bulls Look to Stop Bleeding as Futures Slide Ahead of EIA Report

Coming off losses in the previous two sessions, natural gas futures continued to slide in early trading Thursday as the market prepared to digest the latest round of government inventory data. The August Nymex contract was off 2.0 cents to $3.576/MMBtu at around 8:50 a.m. ET. Ahead of this week’s Energy Information Administration (EIA) storage…

July 8, 2021
June Brought the Heat, Prompting 14-cent Gain in EIA’s 2021 Henry Hub Natural Gas Price

June Brought the Heat, Prompting 14-cent Gain in EIA’s 2021 Henry Hub Natural Gas Price

After June brought higher cooling demand and a widening storage deficit, the Energy Information Administration (EIA) said it is raising its projected average Henry Hub natural gas spot price to $3.21/MMBtu for 2021. The latest price forecast, published in the July edition of the agency’s Short-Term Energy Outlook (STEO), represents a 14-cent increase over the…

July 7, 2021
Natural Gas Futures Near Unchanged Early as Weather Seen as ‘Neutral’

Natural Gas Futures Near Unchanged Early as Weather Seen as ‘Neutral’

As cooling demand expectations eased slightly in the latest weather data, natural gas futures hovered close to even early Wednesday. At around 8:45 a.m. ET, the August Nymex contract was off 0.5 cents to $3.632/MMBtu. The latest forecast from Bespoke Weather Services Wednesday showed a small decrease in gas-weighted degree day (GWDD) expectations, with the…

July 7, 2021
Heat Seen Keeping Weather Outlook Bullish as Natural Gas Futures Called Slightly Higher

Heat Seen Keeping Weather Outlook Bullish as Natural Gas Futures Called Slightly Higher

Supported by sustained hotter-than-normal temperatures in the forecast, natural gas futures probed slightly higher in early trading Tuesday. The August Nymex contract was up 1.1 cents to $3.711/MMBtu at around 8:50 a.m. ET. The weather outlook as of early Tuesday was slightly hotter compared to expectations prior to the Fourth of July holiday, advertising potential…

July 6, 2021
Natural Gas Rig Count Up as Overall U.S. Activity Flat in Latest Tally

Natural Gas Rig Count Up as Overall U.S. Activity Flat in Latest Tally

The U.S. natural gas rig count climbed one unit to finish at 98 for the week ended Friday (June 25), while a small decline in oil rigs left the overall domestic tally flat for the period, according to data from Baker Hughes Co. (BKR). One oil-directed rig exited the patch in the United States during…

July 2, 2021
Rigs Added in Permian, Marcellus as U.S. Drilling Count Continues Uptrend

Rigs Added in Permian, Marcellus as U.S. Drilling Count Continues Uptrend

With gains spread across multiple drilling regions, including the Permian Basin and the Marcellus Shale, the U.S. rig count climbed five units to finish at 475 for the week ended Friday (July 2), according to the latest tally from Baker Hughes Co. (BKR). Four oil-directed rigs and one natural gas-directed rig were added in the…

July 2, 2021