Just south of the Texas border, a few foreign oil and gas companies are looking for the future. Conditions are difficult — some companies have resorted to paying protection money to drug cartels that control the area — and results from test wells have been limited. But as Mexico prepares to open its oil and gas fields to exploration by foreign companies for the first time in seven decades, expectations are high, especially for Texas companies that likely will play a leading role in the development. I think all the stars are in alignment this time,” says Ray L. Hunt, CEO of Dallas-based Hunt Consolidated. Mexico has a significant natural resource. And I think 10, 15, 20 years from now youre going to see huge changes along the border. But the cartels are just one obstacle to those changes. Read the story, watch video, and view photos, maps and graphs to learn more: dallasnews/newborder.
Posted on: Sat, 12 Jul 2014 02:19:08 +0000
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