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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.

Later Freeport LNG Startup Seen as ‘Modest Negative’ as Natural Gas Futures Pare Losses Early

Later Freeport LNG Startup Seen as ‘Modest Negative’ as Natural Gas Futures Pare Losses Early

Natural gas futures pared their losses in early trading Wednesday as traders and analysts continued to mull the balance implications of a later-than-expected restart for a major U.S. export terminal. Coming off a 48.7-cent sell-off in the previous session, the September Nymex contract was up 5.2 cents to $9.245/MMBtu as of around 8:55 a.m. ET.…

August 24, 2022
Potential for ‘Explosive Upside’ as Natural Gas Flirts with $10 Overnight

Potential for ‘Explosive Upside’ as Natural Gas Flirts with $10 Overnight

Sustained double-digit natural gas futures prices remained a distinct near-term possibility in early trading Tuesday as the front month probed higher, riding technical momentum and benefitting from a temporary decline in updated production estimates. The September contract was up 5.7 cents to $9.737/MMBtu as of around 8:45 a.m. ET. In a potential sign of things…

August 23, 2022
Henry Hub Futures Encroaching on $10 Mark Early Amid Euro Supply Worries

Henry Hub Futures Encroaching on $10 Mark Early Amid Euro Supply Worries

Sympathetic to spiking European prices amid constraints on imports from Russia, domestic natural gas futures were soaring in early trading Monday. As of around 8:55 a.m. ET, the September Nymex contract was up 53.5 cents to $9.871/MMBtu. Surging Dutch Title Transfer Facility (TTF) prices in Europe, driven by supply fears amid tensions over the Russian…

August 22, 2022
Natural Gas Production Poised for More Growth in August, Led by Haynesville, EIA Says

Natural Gas Production Poised for More Growth in August, Led by Haynesville, EIA Says

Natural gas production from seven key U.S. onshore regions is set to surge to slightly shy of 94 Bcf/d from August to September, with the largest share of incremental output growth expected from the Haynesville Shale, according to updated projections from the Energy Information Administration (EIA). Total natural gas output from the seven regions tracked…

August 19, 2022
Market Eyes Risk of Winter Supply Squeeze as Natural Gas Forwards Rally

Market Eyes Risk of Winter Supply Squeeze as Natural Gas Forwards Rally

Natural gas forwards rallied from coast to coast during the Aug. 11-17 trading period as mounting storage adequacy concerns overshadowed a mild late-summer forecast, according to NGI’s Forward Look data. Fixed prices for September delivery at benchmark Henry Hub surged $1.042 during the period to $9.245/MMBtu, setting the pace for hefty markups across the Lower…

August 19, 2022
Natural Gas Drilling Activity Eases Lower in Latest Baker Count

Natural Gas Drilling Activity Eases Lower in Latest Baker Count

The U.S. natural gas rig count eased one unit lower to 159 for the week ended Friday (Aug. 19), while oil activity held steady, according to updated numbers from oilfield services provider Baker Hughes Co. (BKR). Total domestic oil-directed rigs went unchanged week/week at 601. The combined U.S. count dropped one unit to 762, versus…

August 19, 2022
U.S. Drilling Activity Steady as Natural Gas Tally Sees Small Decline

U.S. Drilling Activity Steady as Natural Gas Tally Sees Small Decline

A small net decline in natural gas-directed activity saw the U.S. rig count ease one unit lower to finish the week ended Friday (Aug. 19) at 762, according to the latest figures from Baker Hughes Co. (BKR). Total domestic natural gas-directed rigs declined by one to 159, while the oil-directed rig count held steady week/week…

August 19, 2022
Natural Gas Futures Pull Back as Market Mulls Balances, Moderating Temps

Natural Gas Futures Pull Back as Market Mulls Balances, Moderating Temps

Natural gas futures retreated in early trading Friday as the market continued to consider the balance implications of the latest government inventory data, and as forecasts continued to show more moderate late summer cooling demand.  The September Nymex contract was off 19.4 cents to $8.994/MMBtu as of around 8:45 a.m. ET. The Energy Information Administration…

August 19, 2022
Storage Trajectory in Focus as Natural Gas Forwards Rally Despite Fading Cooling Demand

Storage Trajectory in Focus as Natural Gas Forwards Rally Despite Fading Cooling Demand

Natural gas forwards rallied from coast to coast during the Aug. 11-17 trading period as mounting storage adequacy concerns overshadowed a mild late-summer forecast, according to NGI’s Forward Look data. Fixed prices for September delivery at benchmark Henry Hub surged $1.042 during the period to $9.245/MMBtu, setting the pace for hefty markups across the Lower…

August 18, 2022
September Natural Gas Rebounds Early as Traders Await EIA Report

September Natural Gas Rebounds Early as Traders Await EIA Report

Natural gas futures rebounded in early trading Thursday as traders awaited the latest government inventory data, expected to show a lighter-than-average summer injection into Lower 48 stockpiles.  After posting an 8.5-cent loss in the previous session, the September Nymex contract was up 12.6 cents to $9.370/MMBtu as of around 8:45 a.m. ET. Estimates ahead of…

August 18, 2022
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