Velda Addison (Hart Energy E&P)
HOUSTON—Mexico’s increasing power demand has U.S. pipeline gas imports soaring, but the nation’s own large, untapped resources mean opportunity for domestically-sourced resources awaits in an increasingly deregulated country. Estimates put Mexico’s shale natural gas stores at 545 trillion cubic feet (Tcf) of technically recoverable gas and 13.1 billion barrels of oil (Bbbl), according to the U.S. Energy Information Administration (EIA).
A large portion of that estimated gas sits in the top-ranked Burgos Basin, across the border from the South Texas Eagle Ford and is “high-graded prospective” in both the Eagle Ford and Pimienta shale formations at depths ranging from 1,500 m to 5,000 m (4,921 ft to 16,404 ft), according to Brian Link, chief geophysicist for Global Shale Plays (GSP), a Conroe, Texas, firm that provides production equipment, engineering and other services.
Link was among the presenters delivering eight-minute investor pitches during the 2017 NAPE Summit business conference on Feb. 16 in hopes of luring business to basins south of the border. (read more)