HomeMagazine2016March 2016, Vol. 243, No. 3Texas to Share Shale Strategies With Mexico

March 2016, Vol. 243, No. 3

In The News

Texas to Share Shale Strategies With Mexico

Texas Railroad Commissioner Christi Craddick has met representatives from the Mexican Energy and Finance Ministries to review best practices and regulations governing the state’s shale industry. Mexico is reviewing terms of an auction for shale reserves in the Burgos basin located near the Texas borders. “We have been a resource for Mexico since their energy reform process began, and as Mexico initiates shale exploration and production, we welcome greater cross-border cooperation, collaboration and regional success,” Craddick said in a statement. Mexican shale gas reserves are estimated at 545 Tcf, which is 10th worldwide in terms of technically recoverable reserves. Pemex began shale expl

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