State - owned oil firm Petroleos Mexicanos ( PM ) has reportedly signed 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 oil wells " in Mexico 's Eagle Ford shale formation . The company added that the agreement included $ 500 m in investments , while the play is set to reach 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 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 company added that the agreement included $617m in investments, while the play is set to yield 117 million cubic feet per day by 2021.