Pemex’s Oil And Gas Output Fall Sequentially In October 2018

(Energy Analytics Institute, Jared Yamin, 29.Nov. 2018) —Pemex reported sequential declines in both crude oil, condensates and natural gas production in October 2018.

Pemex, as the state oil company is known, reported crude oil + condensate production of 1,986 thousand barrels per day (Mb/d) in October 2018, down sequentially by 75 Mb/d or 3.6% compared to 2,061 Mb/d in September 2018, and down year-over-year by 177 Mb/d or 8.2% compared to 2,163 Mb/d in Oct. 2017.

In terms of just crude oil, Pemex reported production of 1,764 Mb/d in October 2018, down sequentially by 61 Mb/d or 3.3% compared to 1,825 Mb/d in September 2018, and down year-over-year by 138 Mb/d or 7.3% compared to 1,902 Mb/d in Oct. 2017.

Natural Gas

Pemex also reported natural gas output of 4,895 million cubic feet per day (MMcf/d) in October 2018, down sequentially by 18 MMcf/d or 0.4% compared to 4,913 MMcf/d in September 2018, but up year-over-year by 136 MMcf/d or 2.9% compared to 4,759 MMcf/d in October 2017.

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