Shale Gas Extraction in Coahuila

As per the U.S. Energy Information Administration, Mexico has the fourth largest reserve of shale gas in the world. These deposits are assumed to contain rich pockets of oils and natural gas and are spread in several different regions of the country. One of such areas is Coahuila. Because of this development, Antonio Gutiérrez Jardón, secretary of economic development for Coahuila, expects to obtain U$64 billion in the form of investments for exploring and producing unconventional hydrocarbons over a period of fifteen years. During this time, the secretary anticipates about 8,000 shale wells to be created with the help of hydraulic fracking. 

As a result of industrial activity and investments, Coahuila hopes to create as much as two hundred thousand jobs. The 8,000 wells have been located through seismic testing. Presently, Coahuila maintains three unconventional basins that hold the shale oil and shale gas: Burro-Picachos, Sabinas and Burgos. It is projected that the prospective reserves in these three basins amount to almost twenty five billion barrels of crude petroleum, or 40% of the entire hydrocarbon reserves expected for entire Mexico. 

As a result of energy reform implementation, Pemex will carry on with its activities in the area. In addition to this, a concession of approximately eight blocks of gas shale in coahuila will be given for private investment that includes fifteen thousand square kilometers located in the town of Jiménez. US companies such as Lewis Energy Group that maintain partnership agreements with Pemex to work on certain wells in the North part of Mexico will be able to work through 100% ownership for the purpose of production and exploration of gas shale in coahuila.

For the aforementioned reasons, the government of Coahuila is certain that the Mexican state will become one of the most important areas for the hydrocarbons industry. Due to states like Coahuila, Mexico will transform itself from an importer of natural gas to a global gas powerhouse if it is able to tap into its shale resources.

Without shale, the production of natural gas is only predicted to grow 0.5 percent in 15 years, while the demand will rise to approximately 2.5 percent. This means expanding imports at a steady rate of around seven percent to keep up. It is not clear, however, if the public company Pemex will remain enthusiastic about shale gas extraction. It intends to spend $2.36 billion (30.5 billion pesos) on exploration of shale over the next few years, merely 2 percent of the required budget for that same period.

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