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Houston Matters

How Did Mexico’s First Offshore Oil Auction Fare, and What Does That Mean for Success of Country’s Reform?

Earlier this month, Mexico held its first in a series of auctions of offshore oil leases. These auctions are part of the country’s bigger energy reform that’s opening the oil and gas industry to outside investors for the first time in nearly eight decades. The first auction fell short of many industry expectations, with only […]

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Earlier this month, Mexico held its first in a series of auctions of offshore oil leases. These auctions are part of the country's bigger energy reform that's opening the oil and gas industry to outside investors for the first time in nearly eight decades.

The first auction fell short of many industry expectations, with only a fraction of offshore fields awarded.

We discuss why the first auction fell short of expectations, and the implications for Houston’s oil and gas industry with with Dr. Tony Payan, Director of the Mexico Center at Rice University's Baker Institute for Public Policy.