Eyeing increased federal revenues from the opening of the nation’s energy plays to foreign investment, Mexico’s federal government recently established a special fund in the Bank of Mexico, the nation’s central bank.
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Articles from Bank
Nebraska Utilities, Canada’s Big Bank Fight Over Gas Deal
In the heart of middle America there is a pre-winter dogfight unfolding in a federal district court in Omaha, NE, pitting a trading unit at the Royal Bank of Canada (RBC) against the local public sector utility and its nonprofit natural gas buying cooperative. The dispute centers on a $719 million, 30-year gas deal the bank wants to terminate.
Deutsche Bank Reportedly Selling North American NatGas Trading Book
Deutsche Bank has sold its natural gas trading book to Morgan Stanley, a source familiar with the deal confirmed to NGI.
Natural Resource Partners Enters Bakken with Abraxas Deal
Natural Resource Partners LP (NRP) is buying nonoperated working interests in Bakken/Three Forks producing oil and gas properties from Abraxas Petroleum Corp. for $35.3 million in cash, marking its entry into the Bakken Shale.
One-Dozen Shale Gas Innovators Recognized by SGICC
The Ben Franklin Shale Gas Innovation & Commercialization Center (SGICC) has named a dozen finalists in its annual Shale Gas Innovation Competition, which will award a total of $75,000 to three winners to be selected next month.
Piceance Sale Makes Antero an Appalachia Pure Play
Antero Resources is selling all of its natural gas and pipeline assets in the Piceance Basin for $325 million in cash plus assumption of its Rocky Mountain firm transportation obligations in order to focus more on the Marcellus and Utica shales.
Barclays Lifts 4Q Natural Gas Price
Barclays Capital has lifted its natural gas price forecast for the final three months of this year to $3.35/MMBtu, up from $3.00. Bank of America Merrill Lynch (BofA) last week also raised its 2013 gas price forecast.
BofA Nudges 2013 Natural Gas Price Forecast Up 25 Cents
With natural gas stocks at levels below the seasonal norm after a summer of market rebalancing, analysts at Bank of America Merrill Lynch (BofA) Monday lifted their 2013 average gas price forecast by 25 cents to $3.75/MMBtu.
Forest Oil Unloads East Texas Eagle Ford Gathering for $34M
One month after announcing that it was abandoning a potential partnership strategy to help develop its Eagle Ford Shale acreage in favor of a “go-it-alone plan,” Denver-based Forest Oil Corp. said it has entered into an agreement to sell the majority of its East Texas natural gas gathering assets to a subsidiary of Tristate Midstream II LLC for proceeds of $34 million.
Capacity Increases Planned for Wet-Gas Marcellus
A Pennsylvania joint venture is set to start work on two midstream assets that could ease a bottleneck in one of the fastest growing counties in the Marcellus Shale.