Mexico to Tap Eagle ford Gas with $8B Pipeline
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The Mexican government is interested in profiting off the shale gas boom. The Mexican border runs close to Texas' Eagle Ford shale formation, one of the most profitable in the U.S. It has roughly 250 rigs and an average production rate of between 300 and 600 barrels of oil equivalent per well per day.
According to a report in the Houston Chronicle, the country plans to expand its 5,500-mile natural gas pipeline system and is focused on building infrastructure in central and northwest Mexican cities. And for the foreseeable future, they intend to fuel that network with U.S. natural gas, including from South Texas and Eagle Ford Shale fields.
It even extends into Mexico, though little exploration has been done across the border. Instead, Mexico has been importing natural gas from the United…
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