Mexico’s energy sector has faced a difficult past three years which have seriously dented investor appetite, but the country still offers opportunities and the future could be bright, industry insiders said Tuesday at the Mexico Gas Summit hosted by Industry Exchange LLC in San Antonio, TX.

Talos

The Woodrow Wilson International Center’s Duncan Wood said that “Mexico’s energy wealth is largely still stuck in the ground” but “Mexico is not entirely closed for business. The energy sector still offers extraordinary opportunities. Different actors are finding different opportunities in that space.”

Although Mexican President Andrés Manuel López Obrador has cancelled new oil and natural gas bid rounds and slashed the budgets of regulators, “we’ve also seen no...