Haynes and Boone in Opportunity Houston: The Houston-Mexico Connection

09/12/2014


Houston and Mexico have always had a great relationship when it comes to trade, but now that relationship stands to get even stronger, especially for the energy industry...

PEMEX
Currently, more than 3,700 energy-related establishments are located within the Houston metropolitan area, according to the Greater Houston Partnership. That includes more than 500 exploration and production firms and more than 150 pipeline transportation firms.

Those are the kinds of companies George Y. Gonzalez, partner at Haynes and Boone LLP, says will see the most benefit from Mexico’s energy reform. He sees Houston in the best position to take advantage because of its social and cultural background as well as experience in both deepwater and hydraulic fracturing.

“Houston companies have already been successful in shale plays like the Eagle Ford, which continues across the border,” he said. “Mexico has made it clear it is not interested in developing unconventional opportunities, opening up that opportunity for Houston companies...”

ENERGY CONNECTIONS
Deepening the ties between Houston’s and Mexico’s energy sectors, the Greater Houston Partnership led a delegation of business leaders to Mexico in February 2014 to discuss the energy reform and trade.

Eduardo Aguirre, former U.S. Ambassador to Spain and Andorra, and Chairman and CEO of Atlantic Partners Group LLC, represented the business side of the delegation. He said city and business leaders had been following President Nieto’s moves on energy reform and felt the timing was perfect to talk to Mexican officials.

Excerpted from Opportunity Houston, September 12, 2014. To view full article, click here.

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