Mexico’s energy industry has been implementing a set of sweeping reforms aimed at increasing transparency, competition and growth that will better enable it to capitalize on its access to these major energy reserves. As these changes begin to increase production capacity, Texas is a ready source of the expertise that has made places like the Permian Basin, the Eagle Ford Shale and others so successful. This opens the possibility of even greater cross-border cooperation, investment and success.
The U.S. Energy Information Administration has analyzed the potential in the Mexican oil fields and projected they will draw upwards of $10 billion dollars of foreign direct investment and create half a million new jobs for Mexico by 2018. That surge in employment will not only have a massive impact on the Mexican economy, I believe it can slow the stream of people crossing the border illegally to find work. In fact, it might just cause some southbound migration as American energy professionals educated and trained in Texas seek opportunity there.