Present Conditions in Mexican Oil Fields and an Outlook Into the Future
- Valentin R. Garfias (Henry L. Doherty & Co.)
- Document ID
- Society of Petroleum Engineers
- Transactions of the AIME
- Publication Date
- December 1923
- Document Type
- Journal Paper
- 989 - 1,003
- 1923. Original copyright American Institute of Mining, Metallurgical, and Petroleum Engineers, Inc. Copyright has expired.
- 1.1 Well Planning, 1.6 Drilling Operations, 4.1.5 Processing Equipment
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The various phases of the Mexican oil industry have received so muchpublicity that there is little to add to the discussion of present and futureproduction, extent and importance of prospective fields, and status ofpetroleum legislation, to mention but a few of the angles of the Mexican oilproblem. However, out of this wealth of information, which is generally ofcontradictory nature, the average petroleum man is at a loss to know somethingdefinite regarding the various questions involved; so, keeping the foregoing inmind, it has been the writer's aim to record in a concise form the mostreliable and up-to-date information regarding the salient features of theMexican oil situation.
Present Status of Mexican Oil Industry
Production During 1921
The Mexican oil fields, during 1921, produced in round numbers 203,000,000bbl. of which 176,000,000 bbl., or 86 per cent., were exported, the bulk ofthese exports, or about 73.3 per cent., going to the United States. The Mexicanexports were divided by grades as follows: Light crude, 47.0 per cent.; heavycrude, 22.0 per cent.; tops, 3.5 per cent.; fuel oil from light crude, 24.0 percent. The balance, or 3? per cent., includes the bunker fuel shipments and thecoastwise trade in Mexico, which is not classified as to grades. The figuresshow that, in importance, the light-oil fields form about 75 per cent. of theMexican petroleum industry.
The production of the Panuco field has followed the general history of theAmerican fields, and its gradual decline, which is at present foreshadowed, maybe estimated as well as its ultimate economic life. On the other hand, thebehavior of the light-oil fields to the south is unlike any in the world so fardiscovered, and as a result we have concentrated overproductions followed bysudden droughts, both sometimes equally unexpected. The coming in of two orthree gushers within adequate pipe-line facilities will flood the market with100,000 bbl. or more a day, while the flooding by water of a particular poolwill, in a few weeks, remove from the market one-half the total production ofthe Mexican fields.
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