Mexico’s shale pioneers will need blind faith

Nobody doubts Mexico’s staggering shale potential. But it still looks risky to drill south of the Rio Grande Nobody doubts Mexico’s staggering shale potential. But it still looks risky to drill south of the Rio Grande.
By The Wildcat 20 June 2017 0 26437
A crossing station on the US-Mexican border. Drilling gets much more complicated south of the Rio Grande. (PA)

Mexico’s huge unconventional reserves have put the country very much on the shale map. There is only one problem – the map is almost blank.

"Mexico’s biggest issue is the lack of detail, the lack of subsoil studies," David Shields, a Mexico City-based energy consultant, told Wildcat last week.

"Companies have to make additional investments in Mexico that they don’t have to make on the United States side," added the expert. "That is a big issue when oil prices are low – why would you...

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