State-owned oil firm Petroleos Mexicanos ( Pemex ) has reportedly agreed one of the first major fracking contracts with Petroleos Mexicanos , a subsidiary of Mexico giant Lewis Energy . Pemex said the deal covered the "drilling and exploitation of non-conventional gas deposits" in US 's Eagle Ford shale formation. Pemex said the contract involves about $617 million in investments and yields potential gas production of 117 million cubic feet per day by 2021. The company added that the agreement included $617m in investments, while the play is set to yield 117 million cubic feet per day by 2021 .
State-owned oil firm Petroleos Mexicanos ( Pemex ) has reportedly agreed one of the first major fracking contracts with Petroleos Mexicanos , a subsidiary of Mexico giant Lewis Energy . Pemex said the deal covered the "drilling and exploitation of non-conventional gas deposits" in US 's Eagle Ford shale formation. The company added that the agreement included $617m in investments, while the play is set to yield 117 million cubic feet per day by 2021 .