Pemex to Drill 175 Shale-Gas Wells in 4 Years, Morales Says
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Petroleos Mexicanos plans to drill 175 shale-gas wells in the next two to four years, said Carlos Morales, the head of exploration and production of the company, at an event in Mexico City.
Pemex, as the Mexico City-based state oil company is known, has begun test wells in the Salinas-Burgos-Picachos basin, which is an extension of the Eagle Ford formation in the U.S. and has the most promise for producing shale gas, Morales said. The test wells Pemex has drilled so far are showing good results, he said.