Sunday, April 27, 2014

Pemex Reports Declining Oil Production, Rising Gas in March

Pemex released its oil and gas statistics for March 2014 on Friday, reporting oil production at new lows.  Total liquids were down 19KBOPD to a new long term low, of 2.847MMBOEPD, and crude was down a steeper 32KBPOD, as NGL production rose.  

PEMEX Mexico Oil Production

Natural gas production rose slightly, primary on the back of a long term trend in associated gas production:

PEMEX Mexico Natural Gas Production