Private exploration and production (E&P) operators that have secured licenses to operate in Mexico are finding success, they said at the Mexico Gas Summit held virtually on Tuesday.

Mexico Natural Gas Production

Jaguar E&P CEO Warren Levy said the company has drilled four successful wells this year and plans to drill more than 25 in 2021. Jaguar has the largest acreage position onshore of all private E&Ps in Mexico. 

“There is undoubtedly a preference to buy local gas in Mexico,” Levy said. The company expects “world class discoveries” in the next year to 18 months. Jaguar is sitting on 13 Tcf of gas potential, and “1 Tcf can replace nine months of imports.” 

Jaguar is second behind only state giant Petróleos Mexicanos (Pemex) in requesting permits from the Comisión Nacional de Hidrocarburos...