Andrew Baker

Denver-based Civitas Resources Inc. is expanding into the Permian Basin through a pair of debt, stock and cash-funded acquisitions valued at roughly $4.7 billion combined, management said Tuesday.

Earthstone Energy Inc. and Northern Oil and Gas Inc. (NOG) are joining forces in the Permian Basin to acquire privately held Novo Oil & Gas Holdings LLC for $1.5 billion.

Mexico must develop a natural gas price index independent of U.S. benchmarks and develop a secondary market for pipeline capacity, according to experts who spoke last week in San Antonio, TX.

Mexico must develop its natural gas reserves in order to avoid overreliance on U.S. imports and secure its future as an LNG exporter, according to Jaguar Exploración y Producción CEO Warren Levy.

Mexico’s Comisión Federal de Electricidad (CFE) is seeking to stimulate natural gas demand in the country and increase utilization of its vast natural gas pipeline network, a company official said Wednesday. 

Mexico must develop its own natural gas reserves in order to avoid overreliance on U.S. imports and secure its future as an LNG exporter, according to Jaguar Exploración y Producción CEO Warren Levy.

New Fortress Energy Inc. (NFE) said last week it has obtained an export permit from Mexico’s energy ministry Sener for the offshore Altamira Fast LNG project. 

Colorado Springs Utilities (CSU) has brought online six modular natural gas-fired units totaling 162 MW to replace the shuttered 207 MW Martin Drake coal-fired power plant.

Mexico’s natural gas production averaged 4.4 Bcf/d in April, up from 4.05 Bcf/d in April 2022.

Ascent Resources Utica Holdings LLC is pivoting to the liquids-rich window of its acreage and marketing most of its natural gas outside the Appalachian Basin to offset price volatility, according to management.