NGI Mexico GPI

The Dorado, a stacked play in South Texas where EOG Resources Inc. has amassed a 163,000 net acre leasehold, may be a lock to build the Houston independent’s natural gas market credentials, the executive team said Friday. The formation, which runs through the Austin Chalk and Eagle Ford Shale, has an estimated 21 Tcf net…

EIA reports second largest storage draw on record Traders focused on mild weather this spring Cash prices fall further amid mostly light demand The April natural gas futures contract failed to make a big impression on its first day at the front of the Nymex curve. The new prompt month struggled to get off the…

California-based Sempra Energy continues to bet on Mexico even given regulatory changes that could impact the private sector’s operations in the country. “Our goal is to help Mexico be successful,” CEO Jeffrey Martin said in a fourth quarter earnings call. “They need more foreign direct investment. They have a deficit in their infrastructure.”  The administration…

BREAKING: U.S. EIA reports 338 Bcf withdrawal from natural gas storage for the historically cold week ending Feb. 19 March Nymex contract expires lower on increasingly warm forecast Cash prices slip further at majority of U.S. hubs A reversion back to the warm weather pattern that has dominated most of the winter sank March natural…

Mexico’s lower congressional house in the wee hours of Wednesday morning approved a controversial bill that would upend the rules governing the electric power sector, giving generation assets owned by state-owned Comisión Federal de Electricidad (CFE) priority in the dispatch order over private sector generators. The chamber approved the bill to modify Mexico’s bedrock electricity…

Natural gas futures slip on increasing supply, warm outlook Storage draw expectations well over 300 Bcf, second largest on record Cash prices mixed on moderate temperatures this week Natural gas futures slipped deeper into the red on Tuesday as supply ramped up following last week’s historic winter storm. Weather models also continued to favor a…

TC Energy Corp. expects to complete construction of the 886 MMcf/d Tula-Villa de Reyes pipeline in Mexico during 2021. The construction timetable is subject to the “timely reopening of government agencies,” executives said last Thursday during a fourth quarter earnings call. Executives cited the coronavirus as impacting the project. Upon completion, TC plans to phase-in…

Natural gas futures continue to retreat on post-storm recovery Production, LNG still well off pre-freeze levels Cash prices fall further; most locations back below $3 Natural gas futures crashed on Monday as production appeared to be making a quick recovery from the unrivaled Arctic blast that rocked the energy industry last week. Warming weather models…

The recent deep freeze and ensuing energy shortfalls across Texas and Mexico underscore the latter’s need for underground natural gas storage, according to Infraestructura Energética Nova (IEnova) CEO Tania Ortiz Mena. Ortiz addressed the issue on Friday during a fourth-quarter earnings conference call for the Mexico unit of San Diego, CA-based Sempra Energy. IEnova develops,…