The oil and gas boom that has ignited new energy in what’s known as the Eagle Ford Shale, an area 400 miles long and 60 miles wide, stretching from East Texas to the Texas-Mexico border region is intriguing for a number of reasons. First why has it not stretched into Mexico where the EAgleford shale continues on without interruption?
But the boom in oil and gas development does stop at the border, for the most part, a victim of the insecurity generated by warring drug cartels and by a Mexican energy sector that has been stunted by bureaucracy and lack of innovation, observers say.
It’s a different story north of the border.
Since 2010, the South Texas region has created overnight boomtowns, a $25 billion economic windfall — and more than 48,000 jobs just last year. People are streaming in from across the United States and Mexico to work in Texas. Great for Texas – no such luck for Mexico.