{"id":38706,"date":"2014-09-26T15:21:47","date_gmt":"2014-09-26T20:21:47","guid":{"rendered":"http:\/\/stateimpact.npr.org\/texas\/?p=38706"},"modified":"2014-09-26T15:21:47","modified_gmt":"2014-09-26T20:21:47","slug":"will-mexican-drilling-bring-texas-profit","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/texas\/2014\/09\/26\/will-mexican-drilling-bring-texas-profit\/","title":{"rendered":"Will Mexican Drilling Bring Texas Profit?"},"content":{"rendered":"<div id=\"attachment_36500\"  class=\"wp-caption module image right\" style=\"max-width: 300px;\"><a class=\"fancybox\" title=\"An exploratory well drills for oil in the Monterey Shale, California, April 29, 2013. Voters in Denton, Texas could decide whether or not to outlaw fracking within their city's limits through a ballot initiative.\" href=\"http:\/\/stateimpact.npr.org\/texas\/files\/2014\/05\/14783102_H22174823.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-36500\" alt=\"An exploratory well drills for oil in the Monterey Shale, California, April 29, 2013. Voters in Denton, Texas could decide whether or not to outlaw fracking within their city's limits through a ballot initiative.\" src=\"http:\/\/stateimpact.npr.org\/texas\/files\/2014\/05\/14783102_H22174823-300x199.jpg\" width=\"300\" height=\"199\" srcset=\"https:\/\/stateimpact.npr.org\/texas\/files\/2014\/05\/14783102_H22174823-300x199.jpg 300w, https:\/\/stateimpact.npr.org\/texas\/files\/2014\/05\/14783102_H22174823-620x413.jpg 620w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-media-credit\">Lucy Nicholson\/ Reuters\/ Landov<\/p><p class=\"wp-caption-text\">The oil and gas rich Eagle Ford Shale formation straddles both sides of the Texas Mexico border.<\/p><\/div>\n<p>Today,\u00a0members of the state House Energy Resources Committee met in the Rio Grande Valley town of\u00a0Edinburg\u00a0to discuss how a partial privatization of Mexico\u2019s oil and gas sector could impact the Texas economy.<\/p>\n<p>Until this year, drilling in Mexico was run by Pemex, a state-owned company. \u00a0A change in Mexican law has now partially opened the county to foreign business.\u00a0 That could be a big opportunity for Texas companies familiar with the oil and gas rich Eagle Ford shale that straddles the border. Some estimates have already said a shale boom in Mexico could grow the Texas economy by tens of billions of dollars. Others say it&#8217;s too early to tell.<\/p>\n<p>\u201cI have seen some of those estimates, and at this point all they are are numbers on a spreadsheet,&#8221; say Tom\u00a0Tunstall, director of the Center for Community and Business Research at UT San Antonio.<\/p>\n<p>He says infrastructure and border security concerns could complicate investment. Then there\u2019s uncertainty around the continued roll of Pemex.<\/p>\n<p><!--more-->\u201cYou know after 76 years of Pemex basically calling all the shots, it\u2019s not clear to me how much quickly or easily it will be to coordinate this new industry structure that\u2019s being put into place,&#8221; Tunstall says.<\/p>\n<p>A shale boom in Northern Mexico could potentially slow growing natural gas exports from Texas to south of the border. But many analysts say it&#8217;s inevitable that the Mexico will produce more natural gas, so it&#8217;s best to position US companies\u00a0now to benefit from the change.<\/p>\n<p>Currently, US law restricts oversees natural gas exports.<\/p>\n<p>&#8220;There are other markets for natural gas,&#8221;\u00a0says\u00a0Tunstall.\u00a0&#8220;If the US wants to export\u00a0natural gas I don&#8217;t think its going to be problem,&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today,\u00a0members of the state House Energy Resources Committee met in the Rio Grande Valley town of\u00a0Edinburg\u00a0to discuss how a partial privatization of Mexico\u2019s oil and gas sector could impact the Texas economy. Until this year, drilling in Mexico was run by Pemex, a state-owned company. \u00a0A change in Mexican law has now partially opened the [&hellip;]<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/38706"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/comments?post=38706"}],"version-history":[{"count":6,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/38706\/revisions"}],"predecessor-version":[{"id":38721,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/posts\/38706\/revisions\/38721"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/media?parent=38706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/categories?post=38706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/texas\/wp-json\/wp\/v2\/tags?post=38706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}