Andrew Baker

The nearshoring trend holds big potential for energy demand in Mexico, though numerous factors could hinder the country’s ambitions as a haven for big business relocation, according to new research published by Rice University’s Baker Institute for Public Policy.  Nearshoring refers to companies moving their production and supply chains from China to North America –…

The U.S. Department of the Interior’s Bureau of Land Management (BLM) has finalized a rule designed to curb methane pollution from oil and natural gas production on federal and Tribal lands, in part by collecting royalty payments on flared gas. The Waste Prevention, Production Subject to Royalties, and Resource Conservation rule, which was proposed in…

Amid a historic natural gas price downturn and uncertainty around the future of LNG exports, the Mexico market remains a relative bright spot for bulls. Pipeline flows of U.S. natural gas to Mexico have averaged 6.09 Bcf/d year-to-date through March 27, up 552 MMcf/d versus the same period last year, according to Wood Mackenzie data.…

Weak natural gas prices are weighing on the minds of oil and gas executives, but the outlook is not all bearish, according to a new survey by the Federal Reserve Bank of Dallas, aka the Dallas Fed. “Natural gas is currently pricing at or below costs of production,” said one respondent from an exploration and…

The owners of the Whistler Pipeline system and the developers of the planned Rio Bravo Pipeline project are joining forces to connect Permian Basin natural gas supply with Gulf Coast LNG export markets.  WhiteWater Midstream, I Squared Capital, MPLX LP and Enbridge Inc. have agreed to combine Whistler and Rio Bravo in a new joint…

Mexico’s natural gas production averaged 4.05 Bcf/d in February 2024, compared to 4.29 Bcf/d in the same month a year ago.  State oil company Petróleos Mexicanos (Pemex) supplied 3.84 Bcf/d or 95% of the total, down from 4.07 Bcf/d in February 2023, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show.  Associated gas tied…

Mexico’s state power utility Comisión Federal de Electricidad (CFE) touted strong financial performance in 2023 by its natural gas marketing affiliates, CFE International LLC (CFEi) and CFEnergía (CFEn). Houston-based CFEi procures U.S. gas supply for CFE’s fleet of gas-fired power plants in Mexico, and is a leading U.S. marketer of natural gas. CFEn, meanwhile, imports…

Natural gas prices in North Dakota continue to languish at nearly 30-year lows amid nationwide oversupply, according to the state’s top oil and gas regulator. Production cuts announced by large operators in the gassy Marcellus and Haynesville shales have so far failed to meaningfully boost prices.   “We’re seeing rigs lay down in the natural gas…

Appalachian Basin producer CNX Resources Corp. said Tuesday it is tapping the brakes on production growth and slashing output guidance for 2024 in response to the current natural gas price slump.  The Pittsburgh-based firm “will delay completions activities on three upcoming Marcellus Shale pads consisting of 11 wells to avoid bringing incremental volumes into the…