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Title: Recent Developments In The Oil And Gas Industry Of Mexico
Author: Jesus Chavarria Garcia
Source: American Gas Association 1978
Year Published: 1978
Abstract: The discovery of oil in the Panuco-Ebano fields of Tampico immediately after the turn of the century put Mexico in the oil business. Frequent and important discoveries during the first two decades, particularly in the old Golden Lane trend, built Mexicos production to 530,000 barrels per day in 1921. Thereafter, production declined rapidly and in 1931 fell below 100,000 barrels per day. In March 1938, when all the petroleum companies were expropriated by the Mexican Government, the oil reserves of the country amounted to only 1.24 billion barrels with daily production of approximately 115,000 barrels.

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