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Mexico opens up shale patch for first time in 76 years

Reforms to the investment regime should lure developers. Obstacles remain, from land rights to water and the north’s drug cartels

Mexico's congress passed landmark energy reforms this month, opening the country’s oil and gas industry to outside players for the first time in 76 years. With the reforms, potentially vast shale gasfields, including part of the prolific Eagle Ford shale that spans the Mexico-US border, will be opened to outside investors. The question now for the Mexican government, which hopes the reforms bring billions of dollars of foreign investment into its oil and gas industry, is whether investors will show up.  The reforms have gone even farther than seemed possible when president Enrique Peña Nieto proposed a long-awaited overhaul of the country’s oil business in 2012. Moreover, analysts and i

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