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Andrew Baker

Andrew joined NGI in 2018 to support coverage of Mexico’s newly liberalized oil and gas sector, and his role has since expanded to include the rest of North America. Before joining NGI, Andrew covered Latin America’s hydrocarbon and electric power industries from 2014 to 2018 for Business News Americas in Santiago, Chile. He speaks fluent Spanish, and holds a B.A. in journalism and mass communications from the University of Minnesota.

Centennial, Colgate’s $7B Merger to Create Permian Powerhouse

Centennial, Colgate’s $7B Merger to Create Permian Powerhouse

Centennial Resource Development Inc. and Colgate Energy Partners III LLC agreed to a roughly $7 billion merger of equals that would create what may be the largest pure-play exploration and production (E&P) company in the Permian Basin’s Delaware sub-basin. Publicly traded Centennial and privately held Colgate together hold roughly 180,000 net leasehold acres, 40,000 net…

May 19, 2022
North Dakota Oil, Natural Gas Activity at Two-Year High Despite Labor Shortage

North Dakota Oil, Natural Gas Activity at Two-Year High Despite Labor Shortage

North Dakota’s tally of active oil and natural gas drilling rigs and hydraulic fracturing (frack) crews has risen to levels not seen since the start of the pandemic, the state’s top oil and gas regulator said Friday. The rig count stood at 40 as of Friday, the highest since March 2020, North Dakota Department of…

May 19, 2022
Colombia’s Ecopetrol, Oxy Teaming Up On Deepwater Exploration as Natural Gas Takes Center Stage

Colombia’s Ecopetrol, Oxy Teaming Up On Deepwater Exploration as Natural Gas Takes Center Stage

Colombian national oil company Ecopetrol SA and a unit of Occidental Petroleum Corp. (Oxy) have signed a deal to jointly explore four deepwater areas in the Caribbean. Blocks COL 1, COL 2, COL 6 and COL 7 are located, on average, about 150 kilometers or 93 miles off Colombia’s northern coast. The companies, which also…

May 18, 2022
Paul Ryan-Led SPAC in $1.3B Deal to Create Lower 48 E&P

Paul Ryan-Led SPAC in $1.3B Deal to Create Lower 48 E&P

A special purpose acquisition company (SPAC) chaired by former House Speaker Paul Ryan is teaming up with Dallas-based private equity (PE) firm Grey Rock Investment Partners to form a publicly traded Lower 48 exploration and production (E&P) company. Under the proposed transaction, Grey Rock would join forces with Ryan’s Executive Network Partnering Corp. (ENPC) to…

May 17, 2022
Vaca Muerta Shale Driving Natural Gas Production Surge for Argentina’s YPF

Vaca Muerta Shale Driving Natural Gas Production Surge for Argentina’s YPF

U.S. onshore producers may be limiting annual production growth to 5% or less, but don’t tell that to Argentina’s 51% state-owned YPF SA. The Vaca Muerta shale play in the Neuquén Basin drove a 16% year/year increase in oil and gas output to 506,000 boe/d during the first quarter for the integrated producer. On a…

May 16, 2022
Ovintiv Pursuing Natural Gas Price ‘Diversification,’ Citing Strong Market Fundamentals

Ovintiv Pursuing Natural Gas Price ‘Diversification,’ Citing Strong Market Fundamentals

Ovintiv Inc. is exploring options to increase the exposure of its multi-basin upstream portfolio to a dynamic global natural gas market, CEO Brendan McCracken said.  The Denver-based independent works in numerous onshore plays throughout North America, including in the Montney Shale, Anadarko Basin, Permian Basin, Bakken Shale and Uinta Basin. On a call to discuss…

May 16, 2022
U.S.-Mexico Energy Trade Hits Record High Amid Surging Natural Gas, Oil Prices

U.S.-Mexico Energy Trade Hits Record High Amid Surging Natural Gas, Oil Prices

The value of cross-border energy trade between the United States and Mexico reached a nine-year high of $42 billion in 2021, according to the U.S. Energy Information Administration (EIA). The figure is the highest ever recorded in U.S. Census Bureau data, which started in 1996, said EIA researchers led by Natalie Kempkey. The immense flow…

May 11, 2022
Continental Raising Capex, Output Guidance, Touts Oklahoma Natural Gas Gushers

Continental Raising Capex, Output Guidance, Touts Oklahoma Natural Gas Gushers

Continental Resources Inc. has upwardly revised its 2022 forecast for capital spending, as well as oil and natural gas production, management said Thursday.  Oklahoma City-based Continental is the top producer in the oily Bakken Shale and the gassy, liquids-rich Anadarko Basin. Following a pair of recent acquisitions, it also is the No. 2 leaseholder in…

May 7, 2022
Lower 48 Oil Production Growth Forecasts Too Aggressive, Says Pioneer’s Sheffield

Lower 48 Oil Production Growth Forecasts Too Aggressive, Says Pioneer’s Sheffield

Projections of Lower 48 oil production growth this year are “way too high,” Pioneer Natural Resources Co. CEO Scott Sheffield said Thursday. Irving, TX-based Pioneer is among the largest producers in the Permian Basin, with operations focused on the Midland sub-basin. As evidence, Sheffield pointed to comments by oilfield services CEOs, including Halliburton Co.’s Jeff…

May 6, 2022
Diamondback Holding Line on Permian Production – Despite High Prices, Demand

Diamondback Holding Line on Permian Production – Despite High Prices, Demand

Permian Basin pure-play Diamondback Energy Inc. is not budging on plans to keep oil production flat this year, despite increased market tightness because of Russia’s invasion of Ukraine, said CEO Travis Stice. Diamondback “is committed to maintaining our current production levels, providing a significant supply of energy to our country and the world,” said Stice…

May 6, 2022
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