State-owned oil firm Petroleos Mexicanos (Pemex) has reportedly agreed one of the first major fracking contracts with Lewis Energy Mexico, a subsidiary of US giant Lewis Energy. While Pemex did not mention fracking, it is the method commonly used to drill for gas in the Eagle Ford area. Pemex said the deal covered the "drilling and exploitation of non-conventional gas deposits" in Mexico's Eagle Ford shale formation. The Mexican government is also expected to approve an agreement between state-owned energy company Gas Natural Fenosa (GFNF) and US-based Continental Resources (CR) for exploration rights on the same area.
State-owned oil firm Petroleos Mexicanos (Pemex) has reportedly agreed one of the first major fracking contracts with Lewis Energy Mexico, a subsidiary of US giant Lewis Energy. Pemex said the deal covered the "drilling and exploitation of non-conventional gas deposits" in Mexico's Eagle Ford shale formation. The Mexican government is also expected to approve an agreement between state-owned energy company Gas Natural Fenosa (GFNF) and US-based Continental Resources (CR) for exploration rights on the same area.