PEMEX Shale Play Spending to Grow to $200 Million

Mexico's shale plans can be paced due to cheap supplies in the U.S.
Mexico Eagle Ford Shale Map

EIA Mexico Eagle Ford Shale Map | Click to Enlarge

PEMEX is preparing to spend $200 million researching and testing shale plays in Mexico. The national oil company plans to test two shale plays, with a focus in the Eagle Ford and one other play.

Commissioner Guillermo Dominguez said seismic studies to be carried out are designed to determine whether the rich petroleum deposits found in shale rock formations in the U.S. extend into Mexico. He said one of the two “large blocks” to be studied is an extension of the Eagle Ford shale rock formation that runs from Texas into Mexico. The other site is just down the Gulf of Mexico near Tampico.

Even if PEMEX is successful, don’t expect a drilling boom any time soon. Company representatives expect they are 5-8 years away from true shale gas development. To be honest, there’s no need to push it. The country is positioned well to import U.S. natural gas, which is very cheap in in the worldwide market. Read more about the company’s plans in our article Eagle Ford Gas is Headed to Mexico.

You can read an article with additional quotes at

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R.T. Dukes

R.T. Dukes

Managing Editor at
R.T. is the managing editor of In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790


  1. Billy Lim says:

    I am looking to invest in a new hotel in Geoge Weat, Texas.
    Trying to calculate if this is a good investment, your feedback on George West
    And other hotel markets that has not been saturated is greatly appreciated
    In advance, thank you.
    Billy Lim

    • R.T. Dukes RT Dukes says:

      Mr. Lim, I’m better positioned to help answer questions about oil & gas development. I’m not certain about the long-term demand for hotels in George West…..

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