Most Interesting Story All Week? -- February 12, 2019 -- Mexican President Flip-Flops -- Will Allow Fracking - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Most Interesting Story All Week? -- February 12, 2019 -- Mexican President Flip-Flops -- Will Allow Fracking, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Most Interesting Story All Week? -- February 12, 2019 -- Mexican President Flip-Flops -- Will Allow Fracking
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Most Interesting Story All Week? -- February 12, 2019 -- Mexican President Flip-Flops -- Will Allow Fracking

There is increasing talk that Pemex could fail.

When Mexico's new president was running for office, he said he would ban fracking in his country -- even though the prolific Eagle Ford in Texas extended south into northern Mexico.

Yesterday Argus Media reported that President AMLO has had a change of heart. He will allow -- or should we say, his regulators will allow -- Pemex to frack .... drum roll .... four wells.

Why the change of heart? AMLO says the technology has gotten better, has gotten safer. LOL.

Some data points:

• Pemex will invest up to $203 million under the two-well drilling scenario.

Let's stop there.

Let's do the "cut and paste" from the article:

Pemex will invest up to $203mn in the exploration plans under the two-well drilling scenario, with the potential to incorporate up to 201mn boe into national reserves.

So, the data points:

• two wells
• • $203 million (am I missing something here?)
• two wells
• • 201 million boe 

For newbies: in the Bakken,

• about $8 million / well
• EUR for a single well: 1.3 million bbls crude oil

Other data point from the article:

Mexico's 3P oil reserves dropped by 40 percent to 25.5 billion boe from 42.2 billion boe between 1 January 2014 and 1 January 2018, according to the annual reserves report, according to data published just last week.

http://bit.ly/2dZyQXu

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