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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.

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
Atlantic Coast Pipeline Working Through Court to Survey in Virginia as Opponents Stall

Atlantic Coast Pipeline Working Through Court to Survey in Virginia as Opponents Stall

Atlantic Coast Pipeline LLC (ACP) is working through a slew of court cases in Virginia as opponents try to block its ability to survey on private land to route the proposed 550-mile, 1.5 Bcf/d interstate natural gas pipeline.

February 4, 2016

Southern Company Sees Industrial Sales Decline, Bullish On Demand Growth For 2016

Southern Company said Wednesday that positive retail revenue effects from its regulated subsidiaries and successful renewable energy projects at its wholesale subsidiary Southern Power helped offset a year/year decline in industrial sales and a very warm December.

February 4, 2016
Laclede Plans REX, Panhandle Lateral to Tap Into Marcellus, Utica Gas

Laclede Plans REX, Panhandle Lateral to Tap Into Marcellus, Utica Gas

The Laclede Group revealed plans Wednesday to build a 60-mile, 24-inch diameter lateral in Missouri and Western Illinois that would interconnect with the Rockies Express (REX) and Panhandle Eastern pipelines.

February 3, 2016

Expanded Methane Regs Among Possible Amendments to Senate Energy Bill

As the Senate prepares to vote on a comprehensive energy reform bill as early as this week, a number of Senate Democrats are pushing the Environmental Protection Agency (EPA) to expand its proposed oil and gas methane emissions limits.

February 2, 2016