Mexico"s oil and gas resources
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Published by Library of Congress, Congressional Research Service in [Washington, DC] .
Written in English

Subjects:

  • Petroleum industry and trade -- Mexico,
  • Natural gas -- Mexico,
  • Mexico -- Foreign economic relations -- United States,
  • United States -- Foreign economic relations -- Mexico

Book details:

Edition Notes

StatementGary J. Pagliano
SeriesMajor studies and issue briefs of the Congressional Research Service -- 1979-80, reel 5, fr. 0495
ContributionsUnited States. Congress. Senate. Committee on Foreign Relations, United States. Congress. Joint Economic Committee, Library of Congress. Congressional Research Service
The Physical Object
FormatMicroform
Pagination10 p.
Number of Pages10
ID Numbers
Open LibraryOL15450796M

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The oil, gas and electricity industries currently account for around 3 percent of Mexican gross national product. In addition, Pemex is a major employer with a workforce of more than , The electricity sector employs another , people. New Mexico are divided between sovereign Indian nations, the United States, the State of New Mexico, and private owners. The past, then, is very much present in New Mexico. The purpose of this article is to orient the uninitiated to the complexities of New Mexico oil and gas law and to provide a helpful guideAuthor: Turner, C Thomas. Greetings! We've updated our website. Ensure you update your bookmarks. This page will automatically redirect in 10 seconds. If this does not work for any reason use the link below:File Size: 2MB. Oil and Gas Conservation Tax. The tax rate is a percentage of the taxable value of products as determined by Section NMSA Oil and Gas Emergency School Tax. This is a privilege tax on the business of every person severing oil and other liquid hydrocarbons, carbon dioxide, helium and natural gas in New Mexico.

National Content Rules for the Oil & Gas Sector in Mexico Energy and Natural Resources Group Tax and Legal. On Aug the Law on Hydrocarbons was enacted, which, in articles 46 and states that companies holding contracts for the exploration and production of . Oil and gas law in New Mexico is not unlike oil and gas law in our neighbor state to the east, Texas. New Mexico has extensive sta-tutes on many subjects concerning oil and gas exploration, development and production. In addition, the New Mexico Oil Conservation Commission has developed extensive regu-lations controlling oil and gas activities. TheFile Size: KB. This year’s Statistical Review introduces two changes in how oil and gas are reported in energy units. First, primary consumption of energy from oil is now reported in tonnes of oil equivalent where one tonne of oil is defined as 10 Gcal (gigacalories) or GJ (gigajoules). Regulatory Reform - In response to the Deepwater Horizon explosion and resulting oil spill in the Gulf of Mexico, the most aggressive and comprehensive reforms to offshore oil and gas regulation and oversight in U.S. history were launched.

ONRR manages and ensures full payment of revenues owed for the development of the Nation's energy and natural resources on the Outer Continental Shelf and onshore Federal and Indian lands. In performing this important fiduciary role, ONRR collects an average of over $10 billion dollars in annual revenue - one of the Federal government's largest. Background (Drivers for change in Mexico’s oil and gas market) Mexico has significant oil and gas reserves, yet in the past few years its oil production has declined 25 percent to million barrels per day (bbl/d) from a peak of million bbl/d in Mexico’s state-owned oil .   With ample reserves, foreign investment in Mexico’s oil and gas sector, particularly by experienced and nearby U.S. companies, will greatly benefit Mexico, especially in the development of the.   Mexico is the world's 10 th-largest producer of oil and holds approximately billion barrels of oil reserves—the 18 th largest in the world. 28 Mexico may also have the 8 th-largest tight oil 29 resources globally, about another 13 billion barrels. 30 With these reserves, Mexico has the potential to halt its decade-long decline in oil.