Christopher Lenton

New Mexico’s economy could get a significant boost if oil and gas producers were to promptly remediate the unplugged oil and gas wells on state trust and private lands, according to economic research firm O’Donnell Economics. A cleanup effort would pump $8.2 billion into the New Mexico economy and support 65,337 job years, or the…

This week was yet another reminder of the interconnectedness of energy markets as soaring temperatures in disparate parts of the Pacific Northwest in the United States and tight market conditions drove natural gas prices for Mexican end-users higher. Nymex futures rose for eight straight trading days through Thursday, with the August futures contract settling 1.1…

Oil and gas prices are on the up and Latin American producers should be able to reap some benefits thanks to recent cost-cutting efforts, according to a new report from Fitch Ratings. Latin American oil and gas companies have before tax full-cycle costs of approximately $34/bbl, Fitch said. This is well below most price forecasts…

Mexico natural gas prices jumped to $3.74/MMBtu in May compared to April prices of $3.38 and year-ago prices of $2.37, according to the latest IPGN monthly index published by the Comisión Reguladora de Energía (CRE). The May prices were the highest monthly prices reported in Mexico in the last 12 months, with the exception of…

After two years of slumping liquefied natural gas (LNG) demand in South America’s major economies, the tide this year has shifted. Even as the first ever cargo of LNG is arriving this week in Mexico’s Baja California Sur, the country in fact has seen a sharp slowdown in LNG imports at its Manzanillo and Altamira…

After two years of slumping liquefied natural gas (LNG) demand in South America’s major economies, the tide this year has shifted. Even as the first ever cargo of LNG is arriving this week in Mexico’s Baja California Sur, the country in fact has seen a sharp slowdown in LNG imports at its Manzanillo and Altamira…

The July Nymex contract on Thursday rose for the seventh time in eight trading sessions to $3.253/MMBtu, up two-tenths of a cent day/day, as temperatures across the United States rose and demand for natural gas across many parts of the world remained strong. “We remain on pace to come close to record hot levels for…

Houston-based EagleClaw Midstream LLC has joined its midstream peers in announcing plans to reach net-zero emissions by no later than 2050. “We are grateful to have incredibly talented and committed employees, suppliers and customers who all share our vision of working together to collectively stem the impacts of climate change for future generations,” CEO Jamie…

Offshore Guyana continues to prove fruitful for ExxonMobil and its partners, with the Irving, TX-based supermajor announcing another discovery in the Stabroek Block. The Longtail-3 well encountered 230 feet of net pay, including newly identified hydrocarbon-bearing reservoirs below the original discovery intervals, according to ExxonMobil. “Longtail-3, combined with our recent discovery at Uaru-2, has the…