Category Archives: Cross-border reservoir

News Commentary: Bill Introduced to Approve Transboundary Hydrocarbon Agreement with Mexico

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HOUSTON, APRIL 20, 2013—For the past year and two months, the Obama administration has waited for the right moment to present the framework agreement for the development of cross-border oil reservoirs. The agreement had been negotiated with Mexico during 2010-11 and was signed on February 20, 2012. In December 2012, a report was issued by Continue Reading

The Deeper Meaning of the US-Mexico Transboundary Agreement

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HOUSTON — By GEORGE BAKER Our new report on the US-Mexico Transboundary Hydrocarbon Agreement (TBA) asks about how a venture would be structured in which Pemex and US-licensed oil companies were partners in a joint-venture that would develop a cross-border reservoir. The agreement was signed Feb. 20, 2012. It gave the first possibility of legal Continue Reading