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.
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Articles from Andrew Baker
Biden Urged by Industry to Speed Up LNG Exports, Streamline Natural Gas Permitting
The American Petroleum Institute (API) has put forth a 10-point policy plan it wants the Biden administration to adopt to promote U.S. oil and natural gas production – and ease the global energy crisis. “As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global…
June 15, 2022
Continental’s Hamm Wants to Go Private in $4.4B Share Repurchase
Harold Hamm, the billionaire executive chairman of Continental Resources Inc., has put forth a nonbinding proposal to acquire for cash all outstanding common shares at a 9% premium to Monday’s closing price to take the largest Bakken Shale producer private. At Hamm’s offer price of $70.00/share, the outstanding shares would be valued at about $4.4…
June 14, 2022
Mexico’s AMLO Aiming for 500 MMcf/d Jaltipan-Salina Cruz Pipeline To Be Built Within a Year
Mexico’s president said Saturday he hopes for construction of the Jaltipán-Salina Cruz natural gas pipeline to be complete within a year at the most. The proposed 500 MMcf/d pipeline would span the Tehuantepec Isthmus, from Chinameca, Veracruz, to Salina Cruz, Oaxaca, where the government is planning a 3 million metric tons/year floating liquefied natural gas…
June 13, 2022
Matador Building Permian Midstream Portfolio to Ensure Natural Gas Takeaway
Matador Resources Co. has agreed to purchase Summit Midstream Partners LP’s Lane natural gas gathering and processing (G&P) system in New Mexico’s Eddy and Lea counties for $75 million. In connection with the deal, Matador “will assume certain takeaway capacity on the Double E pipeline, a FERC-regulated natural gas pipeline operated by Summit,” the Dallas-based…
June 13, 2022
PDC Gains OK to Expand Colorado Oil, Natural Gas Drilling Program
Denver-based independent PDC Energy Inc. has secured approval for its Kenosha Oil and Gas Development Plan (OGDP) in rural Weld County, CO. The OGDP entails 69 wells on three pads, management said. The approval by the Colorado Oil and Gas Commission “marks an important next step as PDC further increases its permitted inventory by another…
June 10, 2022
Inflation in the Oil Patch Behind Budget Increase for Callon Petroleum
Texas independent Callon Petroleum Co. has revised its 2022 spending plans upward, citing higher than expected inflation in oilfield services (OFS) costs. Houston-based Callon has updated its operational capital budget to a range of $790 million to $810 million for the full year, up from previous guidance of $725 million published in February. Production guidance…
June 7, 2022
Mexico’s AMLO Says LNG, Oil Projects Moving Forward After Meeting With U.S. Companies
Mexico President Andrés Manuel López Obrador on Friday touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference. Among…
June 6, 2022
Argentina Launches Tender for Vaca Muerta to Buenos Aires Natural Gas Pipeline
Argentina has officially launched the tender for construction of the 563-kilometer (350-mile) Néstor Kirchner natural gas pipeline. The project would expand the capacity of the country’s natural gas transport network by 25% and enable continued development of the Vaca Muerta Shale formation in the Neuquén Basin, said state-owned Energía Argentina, which is in charge of…
June 6, 2022
How Can Mexico’s Natural Gas Market Improve? Here’s What Leading Pipeline Operators Said
More transparency and connectivity could help Mexico’s natural gas market achieve its full potential, according to some of the largest pipeline operators serving the country. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, discussed these goals with executives from Fermaca, Engie SA and Enbridge Inc. during a panel Thursday at Industry Exchange LLC’s…
June 3, 2022
Permian Oil Output Seen Swelling as World Shuns Russian Supply
Permian Basin oil production is expected to grow by about 900,000 b/d in 2022 and by the same amount in 2023, according to new analysis by Rystad Energy. The Oslo-based consultancy sees production from the onshore play swelling from 4.7 million b/d in 2021 to 5.6 million b/d this year, and to about 6.5 million…
June 2, 2022