Does Mexico have shale oil?

According to a 2013 Energy Information Administration (EIA) assessment, Mexico has technically recoverable shale resources estimated at 545 trillion cubic feet (Tcf) of natural gas, and 13.1 billion barrels of oil and condensate, stored in marine-deposited, source-rock shales distributed along the onshore Gulf of …

Which country has most shale gas?

China
China has the biggest shale gas reserve in the world. China has 1.5 times of global shale gas reserves of the United States.

What is the impact of fracking in Mexico?

The key source of fracking-related controversy is that large swathes of Mexico lack sufficient access to water, and fracking has a reputation for damaging underground water sources on which many local communities depend. Also, fracking activity consumes large quantities of water, which raises similar concerns.

Is shale gas good or bad?

But US researchers found that shale gas wells leak substantial amounts of methane, a potent greenhouse gas. This makes its climate impact worse than conventional gas, they say – and probably worse than coal as well.

Where are the shale resources found in Mexico?

Production from the Burgos Basin accounted for 15% of total natural gas production in Mexico in 2016, and the basin holds the largest undeveloped shale resources in the country.

Who are the shale gas companies in Argentina?

In 2014, three-quarters of the shale gas and oil concessions in the country were held by the Argentinian company YPF (nationalised in 2012) which committed to develop the Vaca Muerta field with US company Chevron Corporation.

Where are the natural gas fields in Mexico?

In July 2017, Mexico’s national energy ministry (SENER) opened the onshore portion of the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies.

What are the shale gas fields in the United States?

In 2007, shale gas fields included the No. 2 (Barnett/Newark East) and No. 13 (Antrim) sources of natural gas in the United States in terms of gas volumes produced. A study by MIT says that natural gas will provide 40% of America’s energy needs in the future, from 20% today, thanks in part to the abundant supply of shale gas.