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
New York Denies Permits for Two Natural Gas Power Plants, Citing Incompatibility with Climate Goals
New York environmental regulators last week announced they had denied required air permits for two proposed natural gas-fired power plants as the projects did not align with the state’s environmental goals. Department of Environmental Conservation (DEC) Commissioner Basil Seggos said the 437 MW Astoria Replacement Project and the 536 MW Danskammer Energy Center project do…
November 1, 2021
Matador Profits Soar On Higher Oil, Natural Gas Production, Prices
Matador Resources Co. nearly doubled its third quarter earnings versus the same period last year, citing improved commodity prices and operational efficiency. The Dallas-based independent operates primarily in the Permian Basin’s Delaware sub-basin, which accounted for 93% of total production in 3Q2011. Matador also operates in the Eagle Ford and Haynesville/Cotton Valley shale plays. During…
October 29, 2021
Crestwood Expanding in Williston, Permian with $1.8B Oasis Midstream Takeover
Crestwood Equity Partners LP said Tuesday it has agreed to pay $1.8 billion in equity and cash, including debt, for Oasis Midstream Partners LP, expanding its foothold in two of the Lower 48’s prized oil basins. The deal expands Crestwood’s midstream footprint in the Williston Basin and the Permian Basin’s Delaware sub-basin. The firms said…
October 26, 2021
Latin America Oil, Natural Gas Activity Rebounding as Market Tightens
Oil and natural gas activity in Latin America is resurgent after a severe pandemic-driven downturn, according to the CEOs of three oilfield services giants. The chief executives of Halliburton Co., Schlumberger Ltd. and Baker Hughes Co. each cited a substantially improved outlook for the region in their third-quarter earnings calls last week. Halliburton reported a…
October 25, 2021
Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent
Management of refining giant Valero Energy Corp. painted a bullish picture for oil products demand on Thursday, citing low inventories and surging global natural gas prices among factors boosting healthy crack spreads for U.S. refineries. “Refining margins were supported by strong recovery in product demand coupled with product inventories falling to low levels during the…
October 22, 2021
Matador to Keep Drillbit Spinning in Permian Delaware of New Mexico
Matador Resources Co. expects to drill nine wells before the end of the year at its Rodney Robinson leasehold in Eddy County, NM, management said Wednesday. Dallas-based Matador said it is currently running two drilling rigs at Rodney Robinson in the western portion of the firm’s Antelope Ridge asset area in the Permian Basin’s Delaware…
October 22, 2021
Texas Legislators Seek White House Intervention on Mexico Energy Policies
A bipartisan group of Texas legislators has asked the Biden administration to intervene on behalf of U.S. energy companies operating in Mexico amid the latter country’s increasingly nationalistic energy policies. Sens. John Cornyn and Ted Cruz, along with 18 of the state’s 32 U.S. representatives, signed a letter Tuesday (Oct. 19) to U.S. Ambassador to…
October 20, 2021
U.S. Oil, Natural Gas Producers Seen Having More Access to Capital This Fall
Exploration and production (E&P) companies that work in the United States are expected to have more reserve-based lending (RBL) capital available to them this fall versus last spring, according to the latest biannual survey conducted by Haynes and Boone LLP. The law firm conducts surveys ahead of each fall and spring redetermination season for RBL,…
October 20, 2021
North Dakota Touts $2.8B GTL Plant, with Construction Starting in 2023
North Dakota has approved initial support for a $2.8 billion gas-to-liquids (GTL) plant envisioned for Trenton in Williams County, in the heart of the Williston Basin. The North Dakota Development Fund (NDDF) is providing $3 million in initial development capital to project sponsor Cerilon GTL Inc., Gov. Doug Burgum’s office said. NDDF provides flexible funding…
October 19, 2021
Fewer Levers to Pull in Response to High Natural Gas Prices, Say Experts
The ability of North America’s natural gas market to respond to price spikes this winter may be limited on both the supply and demand sides of the equation, according to experts. In recent years, Lower 48 gas producers would typically respond to high prices by ramping up output. However, the response to the current price…
October 16, 2021