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Regulatory Overhaul Said Key to Upgrading Mexican Energy System

Regulatory Overhaul Said Key to Upgrading Mexican Energy System

Improving Mexico’s energy fortunes may be as simple as changing the regulatory environment, experts said Thursday in San Antonio, TX. “Between banks and the capital markets, there is an infinite capacity to finance needs” in Mexico’s natural gas and energy sector, said Société Générale SA’s Adolfo Villareal, Energy Project Finance director of Corporate and Investment…

May 17, 2024
No Weekly Change in U.S. Natural Gas Drilling Activity, Latest BKR Count Shows

No Weekly Change in U.S. Natural Gas Drilling Activity, Latest BKR Count Shows

The U.S. natural gas rig count held steady at 103 for the week ended Friday (May 17), while a small increase in oil-directed drilling raised the combined domestic tally one unit to 604, according to the latest numbers from Baker Hughes Co. (BKR). The 103 active U.S. natural gas rigs as of Friday compares with…

May 17, 2024
Alberta’s Peyto Better Prepared for Wildfires, Expects Low Natural Gas Prices to Linger

Alberta’s Peyto Better Prepared for Wildfires, Expects Low Natural Gas Prices to Linger

As wildfires rage across Western Canada, Peyto Exploration & Development Corp. has taken measures to mitigate potential impacts to its natural gas operations, according to CFO Tavis Carlson. Carlson and CEO Jean-Paul Lachance hosted a conference call to discuss first quarter earnings for the Calgary-based producer.  Carlson said that after a similarly intense wildfire season…

May 17, 2024
Blackouts in Mexico Sign of Long-Simmering Energy Sector Problems, Experts Say

Blackouts in Mexico Sign of Long-Simmering Energy Sector Problems, Experts Say

Mexico’s recent widespread blackouts serve as a warning in failed policies for the current and incoming governments, but solutions are available, experts said Thursday.  Speaking in San Antonio, TX, at the 10th Mexico Gas Summit organized by Industry Exchange, Grupo Alfa’s Rodolfo Gamboa, vice president for Energy said, “The impending energy crisis that we are…

May 16, 2024
Crescent Energy Building Eagle Ford Natural Gas, Oil Portfolio in Friendly Merger with SilverBow

Crescent Energy Building Eagle Ford Natural Gas, Oil Portfolio in Friendly Merger with SilverBow

Houston-based Crescent Energy Co. has agreed to tie-up with cross-town rival SilverBow Resources Inc. to create one of the largest exploration and production companies in the Eagle Ford Shale of Texas, loaded with natural gas, liquids and oil opportunities. The estimated $2.1 billion transaction, announced Thursday, comes about a month after activist investor Kimmeridge Energy…

May 16, 2024
Natural Gas Output from Appalachia, Haynesville Seen Falling Further into Early Summer

Natural Gas Output from Appalachia, Haynesville Seen Falling Further into Early Summer

Combined natural gas production from seven key Lower 48 plays is expected to ease lower in June, with declines from gas-weighted plays continuing to offset increasing associated output from the Permian Basin, according to updated projections from the U.S. Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said it…

May 14, 2024
Canadian Natural Sees LNG Demand Boosting Natural Gas Prices Next Year 

Canadian Natural Sees LNG Demand Boosting Natural Gas Prices Next Year 

Alberta’s Canadian Natural Resources Ltd. is taking a glass-half-full view of the current natural gas price slump, according to CEO Scott Stauth. Stauth hosted a conference call to discuss first quarter earnings for Calgary-based Canadian Natural, one of the country’s largest independent natural gas producers. The company’s gas-focused operations target the Montney Shale and Alberta…

May 14, 2024
Mexico Energy Industry Expecting Improved Dialogue with Next Government

Mexico Energy Industry Expecting Improved Dialogue with Next Government

“My first hope for the next presidential administration in Mexico, whoever wins, is that they are receptive and listen to the voices of the sector,” Beatriz Marcelino, CEO of Grupo CIITA, told NGI’s Mexico GPI. “During the first years of this administration, the doors were closed for us and members of the sector and we…

May 10, 2024
U.S. Natural Gas Count Up One as Offshore Rig Added  

U.S. Natural Gas Count Up One as Offshore Rig Added  

The U.S. natural gas rig count inched up by one to 103 operating for the week ended Friday (May 10), according to updated figures from oilfield services provider Baker Hughes Co. (BKR). The 103 active U.S. natural gas rigs as of Friday represented a decline of 38 rigs versus the year-earlier count of 141, according…

May 10, 2024
BP Playing Contrarian on Low Natural Gas Prices, as Haynesville Output ‘Hedged Out’ through 2024

BP Playing Contrarian on Low Natural Gas Prices, as Haynesville Output ‘Hedged Out’ through 2024

BP plc will continue to pump out “prolific” natural gas volumes from the Haynesville Shale as hedges are in place pricing the supply at around $4.00/Mcf through this year, CEO Murray Auchincloss said Tuesday.  Auchincloss discussed first quarter performance during a conference call. He was asked why domestic gas volumes continue to be high in…

May 8, 2024
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