I talked to Phil at HoweStreet.com yesterday. You can listen HERE.
And yesterday in MoneyandMarkets.com I wrote about Mexico’s supergiant oil field, Cantarell, which is in some serious trouble. Here’s that …
A Storm Called Cantarell
by Sean Brodrick Wednesday, September 03, 2008 7:30 AM
The oil industry along the Louisiana coast got off lightly from Hurricane Gustav. While 1.3 million barrels of oil and seven billion cubic feet of natural gas per day stopped pumping temporarily, … [More...]
XX Sean’s note: After I published that story, I then found another story on Mexican oil woes. It’s interesting …
Cantarell Is Not Mexico’s Only Oil Production Problem
There are problems in two other large oil fields, the Chicontepec Basin and Ku-MaloobZaap. These two fields make up 72% of Mexico’s non-Cantarell proven reserves. The fields differ significantly from Cantarell in terms of geology, potential productivity, distance from distribution systems, and technical requirements.
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