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Co Tenancy Agenda v2

It was déjà vu all over again for the Mexican oil industry, when President-Elect Andrés Manuel Lopez Obradór visited his home state Tabasco last weekend to meet with Mexican service companies.

Relatively low storage levels, robust domestic consumption and growing export levels are propping up Henry Hub prices, which are expected to average $2.99/MMBtu this year and $3.12/MMBtu in 2019, slightly higher than previously forecast, according to the Energy Information Administration.

FERC last Friday approved changes proposed by Transcontinental Gas Pipe Line Co. LLC for a tariff establishing a trading pool in Alabama and changes to boost its no-notice firm transportation service.

Dallas-based Pioneer Natural Resources Co., one of the largest Permian Basin producers, has secured fracture sand reserves near its West Texas operations in a 15-year deal with U.S. Silica Holdings Inc.

In a development sure to impact the oil and gas industry, Interior Secretary Ryan Zinke said state regulatory agencies should have a higher profile in protecting fish and wildlife, and asked his department to identify federal regulations that are more restrictive than those enacted by states.

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