Mexico’s energy regulator on Dec. 11 canceled two oilfield auctions scheduled for February, after the new leftist government said it would not hand over more resources to private companies until they proved themselves as producers.
The National Hydrocarbons Commission, which runs the auctions and supervises contracts, also said it had delayed until Oct. 9 auctions for joint ventures known as farm-outs between state oil firm Pemex and private players.
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2023-08-17 - High FCFs allow companies to fund their own projects, return capital to investors and pay off debt without having to delve into high-interest debt.
2023-09-06 - Permian Resources will use some of the proceeds to pay down debt it will assume after completing its acquisition of Earthstone Energy.
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