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GAIA Host Collective
So is Mexico so therefore everything will be all right whew.
And I thought their biggest field was in terminal decline.
This is not correct. Oil production by PEMEX was down 70,000 barrels per day in May. The first figure below is All Liquids, the second is Crude.
April 3,603... 3,182
May.. 3,523... 3,110
http://www.pemex.com/files/dcpe/eprohidro_ing.pdf
A new report is due out next Monday the 23rd.
The EIA always uses these exact figures put out by PEMEX, however the IEA often ignores what PEMEX says and puts out their own idea of what they think Mexico produces. I suppose they may put them out before PEMEX does and that is why they are sometimes wrong. But Pemex has had these figures out since June 21st.
Ron Patterson
Interesting, the IEA and EIA indeed put out a higher figure.
The IEA put out a higher figure but the EIA put out the exact figure PEMEX gave for march and April, 3,182,000 bp/d, for both months. If you check the second column in the PEMEX report, (total crude), they are the exact figures reported by the EIA, month after month, going all the way back as far as the report goes.
EIA Mexico
http://www.eia.doe.gov/emeu/ipsr/t11b.xls
PEMEX
http://www.pemex.com/files/dcpe/eprohidro_ing.pdf
Ron Patterson