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
Newly Formed Ellipsis Adds Oil, Natural Gas Acreage in Permian, DJ and Texas-Louisiana Salt Basins
Privately held Ellipsis U.S. Onshore Holdings LLC said it has acquired upstream assets across multiple Lower 48 basins with current production of more than 6,000 boe/d. The assets are in the Permian and Denver-Julesburg (DJ) basins, as well as the Texas-Louisiana Salt Basin, said management of Dallas-based Ellipsis. The Texas-Louisiana Salt Basin is a dry…
January 5, 2024
AltaGas Greenlights Montney Shale Natural Gas Processing Expansion
Calgary-based AltaGas Ltd. has sanctioned the Pipestone Natural Gas Processing Plant Phase II expansion project in the Alberta Montney Shale region. Construction is set to begin this year on the expansion, which is fully permitted. The project would provide an additional 100 MMcf/d of sour deep-cut natural gas processing capacity and an additional 20,000 b/d…
January 4, 2024
Mexico Natural Gas Production Dips as Maloob Field Knocked from Top Five
Mexico’s natural gas production averaged 4.13 Bcf/d in November, versus 4.17 Bcf/d in October and 4.43 Bcf/d in November 2022. State oil company Petróleos Mexicanos (Pemex) accounted for 3.91 Bcf/d or 95% of the total, down from 4.19 Bcf/d a year earlier, according to the latest data from upstream regulator Comisión Nacional de Hidrocarburos (CNH).…
January 2, 2024
Howard Energy Touts South Texas Natural Gas Expansions, Record Throughput as LNG Demand Taking Off
Howard Energy Partners (HEP) completed about $800 million worth of growth projects and achieved record natural gas throughput on its assets during 2023, the company said Wednesday. San Antonio, TX-based HEP owns energy infrastructure assets in Texas, New Mexico, Oklahoma, Pennsylvania and Mexico. The newly completed projects include “new major pipelines and processing facilities in…
December 19, 2023
Consolidation Wave Hits Haynesville with TGNR Acquiring Rockcliff for $2.7B
Natural gas producer TG Natural Resources LLC (TGNR) has entered a deal to acquire fellow Haynesville Shale heavyweight Rockcliff Energy II LLC for $2.7 billion. Rockcliff, which is backed by private equity firm Quantum Capital Group, operates in the East Texas portion of the Haynesville, which also straddles northwestern Louisiana. Rockcliff operates across more than…
December 18, 2023
Fury Resources Snapping Up Permian Delaware Producer Battalion for $450M
Privately held Fury Resources Inc. is acquiring publicly traded Permian Basin oil and gas producer Battalion Oil Corp. in a cash deal valued at about $450 million, the companies said Friday. The transaction, slated to close in early 2024, would see Fury acquire all outstanding shares of common stock in Battalion, which operates in the…
December 18, 2023
Oxy-CrownRock Deal Caps Record Permian M&A Year as Dealmaking Surpasses $100B
The aggregate value of mergers and acquisitions (M&A) in the Permian Basin has surpassed $100 billion this year with the recently announced $12 billion takeover by Occidental Petroleum Corp. (Oxy) of CrownRock LP, eclipsing the previous record of $65 billion set in 2019, according to new analysis by Wood Mackenzie. The Oxy-CrownRock deal followed ExxonMobil’s…
December 15, 2023
Renewable Returns Still Lagging Oil and Natural Gas Projects, Slowing Industry Transition Efforts
Oil and natural gas investments in decarbonization so far have largely focused on curbing individual Scope 1 and 2 emissions, according to a new analysis by Deloitte. Operators “are increasingly exploring clean energy avenues,” said authors Amy Chronis, Kate Hardin and Anshu Mittal in Deloitte’s 2024 Oil & Gas Industry Outlook. “However, their direct spending…
December 14, 2023
Natural Gas Shippers Jockeying for Limited Pipeline, Storage Capacity, Says Kinder Morgan’s Dang
Demand is surging for natural gas pipeline and storage capacity in North America, and as a purveyor of both, that’s good news for Kinder Morgan Inc. (KMI), CEO Kim Dang said Thursday. Dang, a KMI veteran who took over the top job this year, said there are “a lot of fantastic tailwinds” for the company…
December 12, 2023
Oxy Joining Permian M&A Fray with $12B CrownRock Acquisition
Occidental Petroleum Corp. (Oxy) has agreed to acquire privately held Permian Basin oil and natural gas producer CrownRock L.P. in a deal valued at roughly $12 billion. Oxy plans to finance the acquisition by incurring $9.1 billion in new debt, issuing about $1.7 billion of common equity and assuming CrownRock’s $1.2 billion of existing debt,…
December 11, 2023