28 April, 2015 at 3:30 am in Business
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The good news is that demand for increased exports looks to be strong. At the "Wilcox Lateral" expansion project in Arizona, operator El Paso Natural Gas has already pre sold its increased pipeline capacity to two Mexican consumers. Other michael kors discount export projects are also getting "reservation" deals, with Mexican buyers paying up front to reserve gas output from the beefed up pipelines..
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120,000 boe/d in 2011156,000 boe/d in 2012177 181,000 boe/d in 2013 (company guidance as of October)While this strong production growth is certainly notable, the real story for PXD is that the company has the largest acreage position in what is likely the biggest michael kors outlet handbags shale play in the US and possibly the world. The wells are very economical and it has a drilling inventory (>40,000 drilling locations) that will last for decades. As the October presentation shows, the company has a net debt to book of 22% and is nicely hedged going forward./Zqq.0428/