Andrew Baker

The International Energy Agency (IEA) is forecasting a substantial decline in oil supply from Mexico between 2024 and 2030, a trend that would most likely result in lower natural gas production as well.

Natural gas venting and flaring rates by U.S. operators fell to an 18-year low in 2023, based on preliminary state level data gathered by the U.S. Energy Information Administration (EIA).

North Dakota’s natural gas production growth surpassed that of oil in April, reflecting rising gas-to-oil ratios (GOR) in the Bakken Shale formation, the state’s top oil and gas regulator said.

Dallas-based independent Matador Resources Co. is acquiring privately held Permian Basin producer Ameredev II Parent LLC for $1.9 billion.

Mexico’s electricity infrastructure is not keeping pace with rising demand, according to new analysis by the Instituto Mexicano para la Competitividad (IMCO) think tank.

Mexico’s Centro Nacional de Control del Gas Natural (Cenagas), operator of the Sistrangas natural gas pipeline network, is offering 657,405.773 GJ, or 631 MMcf/d, of firm natural gas transport capacity to interested shippers through an open season.

Commodity trading powerhouse Mercuria said it is investing in Black Bayou Energy Hub LLC, a large-scale underground salt dome natural gas storage project under development in Louisiana’s Cameron and Calcasieu parishes.

Mexico’s growing natural gas market remains plagued by a lack of competition, transparency and connectivity, according to Gadex’s Eduardo Prud’homme, co-founder of the energy consultancy. 

Mexico’s natural gas production averaged 3.76 Bcf/d in April, versus 4.40 Bcf/d in the same month a year ago.

Banks that lend to the oil and gas industry expect natural gas prices to recover from recent historic lows and reach the $3/MMBtu mark by 2025, according to new research by Haynes and Boone LLP.