Chris Faulkner, CEO and Chairman of Breitling Energy Corporation (OTCBB:
BECC), will participate in a panel discussion today during the Mexico
Shale Summit, a two-day oil and gas convention in San Antonio, Texas,
featuring C-level executives, internationally recognized industry
speakers, investors and government officials from the energy,
infrastructure and transportation industries.
Mexico is poised to benefit from exploration and development of the
continuation of the Eagle Ford shale formation, which extends from south
Texas across the border into Mexico’s Burgos Basin. Mexico is believed
to hold an estimated 13 billion barrels of oil and some 600 trillion
cubic feet of natural gas in shale reserves, making it the 8th
largest and 6th largest holdings in the world respectively.
Mexico’s President, Enrique Peña Nieto, has been reforming the country’s
energy operations in preparation for international joint ventures,
partnership and co-development of its vast shale reserves. The Ministry
of Energy in Mexico estimates $100 billion in outside investment will be
needed over the next decade to develop Mexico’s shale alone.
“The possibility of a North American energy confederation is still
something I would like to see on the table – for Canada, Mexico and the
United States,” Faulkner said. “It doesn’t seem to be on anyone’s radar
in Washington, but if we could strive for North American energy
independence first, we would be the second largest oil producing
coalition in the world next to OPEC, and would be incredibly formidable
in determining world oil policy. Mexico is in an excellent position,
they know it, and President Peña Nieto is making the right moves to open
his country to new partnership and development,” Faulkner added.
Faulkner will participate this afternoon with Laredo Energy CEO Glenn
Hart on a panel moderated by Charles Blanchard, Head of Gas Research
with Bloomberg New Energy Finance, discussing America’s natural gas
industry and Mexico’s role, including demand forecasts, the potential to
export LNG and refined products and the long-term effects on global
markets.
ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in
Dallas, Texas engaged in the exploration and development of
high-probability, lower risk onshore oil and gas properties. The
Company’s dual-focused growth strategy primarily relies on leveraging
management’s technical and operations expertise to grow through the
drill-bit, while also growing its base of non-operating working
interests and royalty interests. Breitling Energy's oil and gas
operations are focused primarily in the Permian Basin of Texas and the
Mississippi oil window of southern Kansas and Northern Oklahoma, with
non-operating investments in Texas, North Dakota, Oklahoma and
Mississippi. Breitling Energy Corporation is traded over the counter
under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.
Copyright Business Wire 2015
Source: Business Wire
(February 18, 2015 - 8:10 AM EST)
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