Mayer Brown: Mexico enacting energy reform amid falling production

05/26/2014
It easily could take longer than many might expect before state-run Petroleos Mexicanos (Pemex) and other companies are able to unlock Mexico's vast oil and gas resources, said Jordy Herrera, the nation's immediate past secretary of energy, told a Mayer Brown energy conference in Houston on May 15. Calling pending energy reform the "last big chance for Mexico to become a stronger economy," Herrera said Mexico's Congress is working to enact secondary legislation that would outline the logistics of implementing a sweeping constitutional amendment passed in December 2013. Mexico's Congress received proposed secondary legislation on Apr. 30. Pending energy reforms would allow compan...
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