Permeability refers to the capacity of a porous, sediment, soil or rock in this case to transmit a fluid. An assessment of 7 shale formations in 41 countries outside the united states. A revolution in the prodution of shale gas energy in mexico and the us has given north america a competitive advantage. The mexico shale summit is a two day oil and gas event in san antonio, texas on february 17 and 18, 2015 that will bring together internationally recognized industry speakers, investors, government officials, and c level executives from the energy, infrastructure, and transportation industries. The mighty eagle ford shale play in south texas runs into mexico, and there are shale oil and gas opportunities in the nation that will only get better as prices rise and eventually they must. Mexico lacks water to frack for shale gas inter press service. Mexico has opened up its oil and gas fields to foreign investors. The bone spring formation has seen extensive development within the avalon shale, but horizontal drilling has mostly. Shale gas formations are unconventional reservoirs i. Mexico has significant oil and gas resource potential in jurassic and cretaceous age shale formations. Dec 01, 2015 in a new policy brief, shale gas in algeria. Reduce production costs 50% or more if are you considering setting up manufacturing in mexico fill out the form or call 9155344252. The obstacles are numerous, from oil at the deepest depths of the gulf of mexico to gas shale formations in cartelcontrolled territory along the 1,200mile border with texas.
Mexicos shalerich burgos basin opens to private investment for the first time source. Flames burn off from a natural gas well in webb county, a common sight in south texas. Shale gas exploration and production key issues and. Mexico is seeking to model its oil and gas development in the border region after.
Barnett the barnett shale formation is the grandfather of shale gas plays. Eia 2011 mexicos shale gas resources account for 10% of the total resource base asessed. Present and potential congressional research service 2 figure 1. According to the eia, mexico has enormous potential for shale gas and oil resources. Energy commodity trade with canada and mexico2015 source. If gas prices are low, shale gas not only replaces coal and oil, but also low and nocarbon intensive energy production technologies such as renewable energy technologies bolinger, 20 and nuclear power stations davis, 2012. Energy information administration, based on petroleos mexicanos and natural gas intelligence in july 2017, mexicos national energy ministry sener opened the onshore portion of the burgos basin, a shalerich basin in northeastern mexico, for.
Mexico lacks water to frack for shale gas inter press. Aug 19, 2017 mexico s road to shale gas will be long and winding, but we know that the resource is surely there. This contrasts with a conventional gas reservoir produced from sands and carbonates such as. Should oil prices remain at current levels, shale resources and other. Of the natural gas consumed in the united states in 2009, 87% was produced domestically. Distribution and source rock characteristics and staff member of new mexico bureau of geology, for all his advice and recommendations. Creation of the eagle ford consortium binational subcommittee will help to create a synergy between mexico and us to develop their shale gas potential. Pemex officials believe shale has the potential to provide mexico with more oil and gas than the country has produced since it first struck oil in the early 20th century. Much of the technology used in drilling and production of shale gas has been developed on this play. But theyre slow to enter, as low oil prices, drug violence and other challenges trump the lure of a vast and undeveloped shale bed. Mexico is keen to pursue shale gas development as a means of bolstering declining conventional production and to meet domestic demand. Recursos, explotacion, usos, impactos1 shale gas in mexico.
The new reform just approved by the mexican congress will allow private mexican as well as foreign companies to explore and produce oil and gas from these shale areas. If gas prices are low, shale gas not only replaces coal and oil, but also low and nocarbon intensive energy production technologies such as renewable energy technologies bolinger. The study went on to say that to put this shale gas resource estimate in some perspective, world proven reserves of natural gas as of jan. Aug 07, 2017 while other natural gas drillers are paying a premium for acreage in prized u. Mexico shale summit 2015 infrastructure, transportation. These estimates are uncertain given the relatively sparse data that currently exist. No quick fix, tim boersma, marie vandendriessche, and andrew leber analyze the prospects for shale gas development in algeria. Another important factor is the impact of shale gas on other types of energy production. Barnett, marcellus, fayetteville, new albany, antrim, and haynesville. Mexicos road to shale gas will be long and winding, but we know that the resource is surely there. Mexico enters the shale gas map refers to other 28 countries 6 source. No quick fix, tim boersma, marie vandendriessche, and andrew leber analyze the prospects for shale gas development in. Without reform, mexico would have most likely transformed from a net exporter of crude to a net importer within a few years.
Shale gas energy in mexico and the us create advantage. Unconventional resources include shale gas, shale oil, tight gas, tight oil, and coalbed gas. The impact of shale gas on the costs of climate policy. While other natural gas drillers are paying a premium for acreage in prized u. Shale plays in new mexico colorado school of mines. Evaluation of mexicos shale oil and gas potential onepetro. The niobrara shale of the raton basin is an emerging gas play and has been productive from five vertical exploratory wells.
The future of oil and natural gas production in mexico is of importance. Opportunities and challenges between mexico and the. Bp unlocks a new shale gusher in new mexico bloomberg. The first shale well was drilled in 1821 in fredonia new york, usa with the gas used for town lighting gwpc and all consulting 2009. Shale gas exploration and production key issues and responsible business practices guidance note for financiers this guidance note has been produced to assist financial institutions in their internal conversations and decisionmaking with regard to risks and responsible business practices associated with shale gas production. Mexico s road to shale gas will be long and winding, but we know that the resource is surely there. Natural gas intelligence ngi, is a leading provider of natural gas, shale news and market information for the deregulated north american natural gas. Mexicos shalerich burgos basin opens to private investment. Excitement over mexicos shale fizzles as reality sets in.
Mexicos huge, untouched shaleoil fields lure wildcatters. Technically recoverable shale oil and shale gas resources eia. Jun 18, 2017 the mighty eagle ford shale play in south texas runs into mexico, and there are shale oil and gas opportunities in the nation that will only get better as prices rise and eventually they must. The eagle ford shale play is believed to extend past the texas border and into mexico.
Nov 30, 2016 mexico is keen to pursue shale gas development as a means of bolstering declining conventional production and to meet domestic demand. Energy information administration ranked mexicos reserves of shale gas as the worlds sixthlargest after china, argentina, algeria, the united states and canada. Mexico is currently dependent on gas imports from the u. Mexican situation for mexico, the extraction of shale gas needs a deep study regarding its impacts on environmental, technical and social aspects, looking for efficient and prosperous benefits out of the extraction and usage of the resource. Mexico shale gas unconventional play report wood mackenzie. This working paper should not be reported as representing the views of the european central bank ecb. Composition variety complicates processing plans for us. However, the low productivity of shale wells delayed largescale development of shale gas until the 1970s and 1980s when the development of new technologies made the production of shale gas costeffective wang and krupnick 20. Given the shift to using gas over oil, significant production is essential the countrys energy. Sustainability lessons from shale development in the united states. New mexico bureau of mines and mineral resources openfile report 510. Undiscovered conventional oil and gas resources were assessed in mexico in 2012 schenk and others, 2012.
Resource categories when considering the market implications of abundant shale resources, it is important to distinguish between a. Eleven wells have been drilled and results thus far have included three dry gas wells and five rich gas wells. Sep 27, 2016 the first shale well was drilled in 1821 in fredonia new york, usa with the gas used for town lighting gwpc and all consulting 2009. Energy information administration eia 2012, annual energy outlook 2012. Just from texass eagle ford shale formation alone, natural gas shipments to mexico are projected to hit 3. Dec 03, 2016 just from texass eagle ford shale formation alone, natural gas shipments to mexico are projected to hit 3. Technically recoverable shale oil and shale gas resources. Working paper series quantitative effects of the shale oil revolution. Mexico is sitting on what many think are vast shale oil and gas resources in the north, which are thought to be extensions of the eagle ford shale in south texas. Natural gas is something mexico, us can agree on as capacity. These shale deposits which correlate with productive shale plays in the usa appear prospective but are still in the early stage of exploration and thus remain poorly characterized. National and global petroleum assessment assessment of.
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