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
Southwestern Completes $2.7B Indigo Takeover as Haynesville Interest Heats Up
Southwestern Energy Co. has completed its $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The deal completed Wednesday gives Southwestern a sizable footprint in the resurgent Louisiana play, improving the firm’s access to Gulf Coast liquefied natural gas (LNG) export markets. “This acquisition materially expands our opportunity set, adding high-margin Haynesville production…
September 2, 2021
Mexico’s Pemex Falling Short of Production Targets at Flagship Natural Gas Fields
Mexico’s highly touted Ixachi and Quesqui natural gas fields are producing below their stated targets amid historically high natural gas prices, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). Discovered in 2017 by state oil company Petróleos Mexicanos (Pemex), Ixachi had been forecasted to reach peak production of 638.5 MMcf/d…
September 2, 2021
Fitch Raises Henry Hub, Euro Natural Gas Price Assumptions on Resurgent Demand, Supply Challenges
Fitch Ratings Inc. has substantially raised its Henry Hub and European natural gas price assumptions through 2022, citing “strong year-to-date prices, recovering demand and supply challenges.” “U.S. gas prices have…benefited from heightened weather-driven demand, as well as U.S. dry and associated gas production discipline,” the credit ratings analysts said, adding that liquefied natural gas (LNG)…
September 2, 2021
Pemex Ixachi, Quesqui Fields Missing Production Goals as Natural Gas Prices Soar
Mexico’s highly touted Ixachi and Quesqui natural gas fields are producing below their stated targets amid historically high natural gas prices, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). Discovered in 2017 by state oil company Petróleos Mexicanos (Pemex), Ixachi had been forecasted to reach peak production of 638.5 MMcf/d…
September 1, 2021
Andros Capital Splashes $150M on Permian JV as Upstream PE Deals Heat Up
Houston-based private equity (PE) firm Andros Capital Partners LLC said Wednesday (Aug. 25) it has closed a $150 million development drilling joint venture in the Permian Basin’s Spraberry and Wolfcamp formations in Midland County, TX. Andros affiliate Andros Permian LLC is to fund the drilling program in a joint venture partnership with exploration and production…
August 31, 2021
Mexico’s CFE Seeking Firm to Build Natural Gas Pipeline, LNG Export Terminal
Mexico’s CFEnergía (CFE) is seeking formal expressions of interest from private sector firms to build and operate a natural gas pipeline and floating liquefied natural gas (FLNG) terminal. The 500 MMcf/d pipeline would span from Chinameca, Veracruz, to Salina Cruz, Oaxaca, supplying gas to a 430 MMcf/d or 3 million metric tons/year (mmty) FLNG terminal…
August 30, 2021
Keystone’s Lower 48 Oil Spills Caused by Construction, Manufacturing Errors, GAO Says
Undetected errors during construction and manufacturing led to the two largest spills in the history of TC Energy Corp.’s Keystone crude oil pipeline system in 2017 and 2019, according to a report by the Government Accountability Office (GAO). The 2,687-mile system has transported more than 3 billion bbl of oilsands crude from Canada to Gulf…
August 27, 2021
WhiteWater Acquires Gateway Natural Gas Pipeline, Expanding Permian Footprint
WhiteWater Midstream LLC said Thursday it has acquired Sendero Midstream’s roughly 24-mile, 400 MMcf/d Gateway interstate natural gas pipeline. Gateway transports dry gas from processing plants in Eddy County, NM, to an interconnection with WhiteWater’s Agua Blanca intrastate pipeline system in West Texas. WhiteWater and partner MPLX LP recently completed a 1.8 Bcf/d expansion of…
August 27, 2021
Lower 48 E&Ps Expanding ESG Disclosures Amid Investor Pressure, Survey Finds
A growing number of Lower 48 onshore producers are measuring and disclosing their performance on environmental, social and governance (ESG) efforts, according to new research by Haynes and Boone LLP and EnerCom Inc. The August edition of their Oil & Gas ESG Tracker summarized findings from a review of 30 U.S.-listed middle market onshore oil…
August 25, 2021
Pemex CEO Says Production Partially Restored After Fatal Offshore Fire, as Two Workers Remain Missing
Mexican state oil company Petróleos Mexicanos (Pemex) had restored 71,000 b/d of the roughly 421,000 b/d of oil production knocked offline by a fatal offshore platform fire as of Tuesday evening, according to CEO Octavio Romero Oropeza. In a video message posted late Tuesday night, Romero said Pemex expected to restore an additional 110,000 b/d…
August 25, 2021