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Energy Oil & Gas E&P

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015,... see more

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PENN WEST PETROLEUM LTD. > Down 10%, Mexico Oil Reserves Gone in 9 Years

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Post by makedonka on Mar 31, 2017 6:28pm

Down 10%, Mexico Oil Reserves Gone in 9 Years

Record-low drilling activity for 3 years seen as the cause
Foreign explorers now working offshore offer boost by 2024

Mexico’s existing oil reserves are dwindling so fast the country could go dry within nine years without new discoveries."

https://www.bloomberg.com/news/articles/2017-03-31/down-10-mexico-oil-reserves-gone-in-9-years-without-new-finds