Pemex's US$8bn bank loan comes amid heavy investor uncertainty over the oil company’s debt load, but lenders wanting to maintain links with Pemex and the left-wing administration overseeing the firm may have little choice but to commit to the financing.
Hart Energy's exclusive rig counts measure drilling intensity. They exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. They are designed to offer the most accurate picture of what is actually occurring in the field.
Companies like EOG Resources and Occidental Petroleum are among those seeing cost improvements in plays such as the Permian Basin and Eagle Ford Shale.
Enbridge reported it transported 1 million barrels per day of crude oil more on its key Mainline system across Canada and the U.S. during the first quarter than the year-ago quarter.
Kinder Morgan Canada highlighted its infrastructure operations across western Canada and stable cash flows for its decision to remain independent.
First-quarter earnings from shale producers Continental, Concho, Devon, Encana and Antero come in strong but with mixed results.