Mexico’s energy company is struggling and auctions continue to lag, particular in unconventional areas.
EMGS has been providing 3-D seabed-based receiver CSEM surveys to PEMEX for years, but under Mexico’s new energy reform, it’s widening its net.
The company said cash flow will allow it to deploy two rigs to the Delaware and D-J basins.
Recent discoveries might help ease a declining trend that could make meeting longer-term energy demand challenging.
Apache Corp.’s persistence in the southern Delaware Basin pays off with a significant resource play discovery.