Pemex Plans Fracking Reboot to Unlock 64B Barrel Reserves

Mexico is increasingly embracing hydraulic fracturing, or fracking, as a strategic response to declining oil and natural gas production and growing energy dependence on the United States. Under President Claudia Sheinbaum, Pemex has quietly shifted to focus on unconventional oil and gas fields using fracking—referred to domestically as "stimulation of complex geological deposits"—marking a departure from the previous administration's freeze on the practice. Mexico's vast unconventional reserves, especially in the Burgos Basin, offer significant potential to boost energy self-sufficiency and economic growth, aligning with Plan México's goals of industrial diversification and reducing import reliance. The mining sector, closely linked to energy and industrial supply chains, is also recognized for its critical economic role, contributing nearly 5% to GDP and supporting over 123 industrial sectors, with ongoing investments in technology and innovation. However, fracking remains controversial internationally, as seen in the UK where political divisions persist over its environmental impact, particularly seismic activity concerns. Mexico’s move reflects a pragmatic recalibration of energy policy aimed at securing long-term resource stability amid global geopolitical uncertainties.