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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The Rush For Shale Gas: How Good Is It For The Economy?

The first extraction and discovery of shale gas can be dated back to the 1800's, but it was soon overshadowed by typical gas reservoirs and their low-cost extraction. However, with technological advancements and the reservoirs of natural gas running low, Eagle ford Shale Mexico is becoming an important agenda of several administrations around the world.

Mexico is known to possess 681 trillion cubic feet of shale reserves. There is absolutely no doubt that this can have a tremendous effect on the global energy market. Not only Mexico but its neighboring countries will be able to cut down or reduce dependence on natural gas imports and LNG, causing a drop in the prices.

But the main problem with the whole procedure is extraction, also called "Fracking". Hundreds of environmentalist from around the world agree that the procedure can pollute aquifers and the chemicals used for fracking can cause a lot of harm to wildlife and humans. It is believed that "Fracking" necessitates the use of around eighty different kind of chemicals that are inserted into the ground to liberate the shale gas. However, these gases flow back with radioactive materials and other harmful substances.

Recently in countries like UK, "fracking" was linked to minor earth tremors, low magnitude earthquakes. Hence, before beginning shale extraction, it is important that studies and regulations are developed to create a harmless and safe extraction process. Like extractions of oil, shale gas extraction must be regulated accurately to make sure that even though it is a profitable "fuel" it will not instigate more destruction than good results to the global economy and most of all to the environment. Eagle ford Shale Mexico can be extremely beneficial for the energy sector if safer and advanced procedures are developed to extract the gas without wreaking harm to life.