Title : Burgos Shale Play -- Mexico -- Just Across The Texas Border -- RBN Energy -- July 12, 2017
link : Burgos Shale Play -- Mexico -- Just Across The Texas Border -- RBN Energy -- July 12, 2017
Burgos Shale Play -- Mexico -- Just Across The Texas Border -- RBN Energy -- July 12, 2017
Active rigs:| $45.74 | 7/12/2017 | 07/12/2016 | 07/12/2015 | 07/12/2014 | 07/12/2013 |
|---|---|---|---|---|---|
| Active Rigs | 57 | 28 | 73 | 190 | 186 |
RBN Energy: can Mexico spur gas production in its Burgos Shale play?
It may take a number of years to pan out, but Mexico is taking steps to accelerate the development of its natural gas-rich Burgos Shale region, which lies just across the Rio Grande from South Texas’s newly resurgent Eagle Ford play.
Today (July 12, 2017), Mexico’s Secretaría de Energía (SENER) is expected to name the winners of a competitive bidding process for the rights to drill for natural gas within 1,500 square miles in the states of Nuevo Leon and Tamaulipas.
If the effort to juice Burgos drilling activity and production proves successful, it could affect how much natural gas Mexico needs to import from the U.S. Today we discuss the prospects for reversing gas production declines south of the border and the challenges that exploration and production companies (E&Ps) face in Mexico’s most promising shale play.
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