Pemex exploratory drilling has fallen to its lowest in 29 years, a warning sign for Mexico's future oil reserves even as the company's finances improve.
Energy
Key Facts
—The low. Pemex exploratory drilling in early 2026 fell to its weakest level in about 29 years.
—The number. The company completed just one exploratory well in the first quarter of the year.
—The contrast. Over the same stretch it drilled 24 development wells to squeeze existing fields.
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