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Edwin L. Drake
Pierced the world's first oil well -
First law of the oil
The Mexican government promoted conditions that favored foreign investments. -
The pit of Dos Bocas
Sprouts out of control with an unprecedented force of 100,000 barrels a day. Although a fire almost finished with all its production, this well definitively demonstrated the oil wealth of the country -
Export of oil
The boom in production has repercussions on the expansion of Doheny and Pearson companies. Mexican oil exports to the United States, Europe and Latin America begin. -
oil companies
A growing number of oil companies, including La Corona Oil Company, Transcontinental Oil Company, Penn Mex Fuel Company and Mexican Gulf Oil Company -
State-owned Petrochemical Company of Mexico
In order to produce anhydrous ammonia, distribute and apply fertilizers. -
Period: to
New discoveries
New discoveries of oil and gas in the producing areas of Tampico, Reynosa and Poza Rica. -
Organic Law of Petróleos Mexicanos and PEMEX
It provides for the creation of four decentralized subsidiary bodies and establishes the basic guidelines for defining the attributions of Petróleos Mexicanos. -
Exploration and Production of pemex
Achieved crude output of 1 043 million barrels, "the highest volume in the history of Petróleos Mexicanos." Of this amount 74.6% corresponded to the marine regions of the northwest and southeast. -
Period: to
Pemex resources
PEMEX did not have sufficient funds for comprehensive modernization or costly exploration of new fields with development potential -
Increase production
The annual production of crude oil in Mexico increased to 1 237 million barrels, highlighting in this area the field of the Cantarell complex.
