Burgos

Despite a pledged 50% increase in natural gas output to 5.7 Bcf/d by 2024, the 2019 upstream budget of Petróleos Mexicanos (Pemex) disproportionately prioritizes oil over gas, according to local experts.

What are likely to be the last upstream auctions of the current Mexican administration were postponed last Friday by the regulator, the National Hydrocarbons Commission (CNH) amid signs of lack of interest from potential bidders.

San Antonio, TX-based Lewis Energy Group has inked an oilfield services (OFS) contract to evaluate and develop an unconventional natural gas project owned by Petroleos Mexicanos (Pemex) in northeast Mexico.

The first of three upstream auctions so far announced in Round Three of Mexico’s 2013-14 energy reform is to be held on Tuesday, featuring areas believed to have a high proportion of natural gas.

Mexico’s energy authorities have taken a bold initiative by inviting tenders for the nation’s first auction of unconventional resources of massive but thus far unrealized potential and fraught with potential problems.

The Mexican government plans to offer 37 blocks of mostly natural gas-rich prospects in the country’s 10th auction of exploration and production (E&P) contracts, scheduled for late July.

The Mexican government plans to offer 37 blocks of mostly natural gas-rich prospects in the country’s 10th auction of exploration and production (E&P) contracts, scheduled for late July.

The Mexican state oil company Petroleos Mexicanos (Pemex) achieved, though only by a hair’s breadth, the production targets set by the nation’s 2017 budget.

The natural gas-heavy Burgos Basin in northern Mexico accounted for 15% of the country’s total gas production in 2016, and foreign investment in the play could put it on par with the Eagle Ford Shale in South Texas, according to the U.S. Energy Information Administration (EIA).