Pioneer Natural Resources, Pemex: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
U.S. Rig Count Falls - The oil and gas rig count, an early indicator of future output, fell three to 768 in the week ending October 28, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs fell two to 610 last week, while gas rigs decreased one to 156, their lowest since July. For the month, drillers added three rigs, after activating six oil rigs and cutting three gas rigs. That was the first monthly decrease in gas rigs since August 2021. (Reuters)

Pioneer Natural Resources to Increase Return Targets for Oil Wells - U.S. shale oil producer Pioneer Natural Resources (NYSE:PXD) (Irving, Texas) will reshuffle its drilling portfolio next year to target wells with potentially higher returns, a move to boost productivity levels. The move comes as its third quarter oil production fell about 9% to 354,000 barrels per day (BBL/d) from year-ago levels. Quarterly output was at the upper end of its forecast, which called for between 345,000 BBL/d and 360,000 BBL/d. (Reuters)

EARNINGS REPORTS
Mexico's Pemex Narrows Quarterly Loss - Mexican state oil company Pemex (Mexico City) on Friday reported its third-quarter net loss narrowed to $2.58 billion. Its year-earlier net loss totaled $3.9 billion. The company's crude oil output rose slightly to average 1.764 million BBL/d in the quarter. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).