Thursday, May 26, 2016

Mexico Oil and Gas Production Hits Era Lows in April

Pemex reported gas and liquids production for April 2016 yesterday, revealing declines in both that set low watermarks for the 21st century.

Liquids production was down 29K barrels per day, from 2.507 MM to 2.478MM month on month.

Gas output also fell off, from 6.03 BCFD in March to 5.921 BCFD in April.