In December 2013, the President of Mexico signed a historic energy reform bill into law, eliminating a restrictive legal framework that has limited private investment and participation in the country’s energy industry for more than 75 years.
President Enrique Peña Nieto has introduced to the Mexican Congress nine new bills, as well as proposed amendments to several existing laws, to implement the constitutional energy reform that became effective on December 21, 2013.
Since 2010, more than 20 states have adopted new laws or regulations specific to hydraulic fracturing, a process used to stimulate oil and gas production that involves pumping pressurized fluids and proppants down a wellbore to create or restore fractures in a target geologic formation.
On August 12, 2013, Mexican President Enrique Peña Nieto of the current ruling party, the "Partido Revolucionario Institucional", delivered a highly anticipated constitutional energy reform proposal to the Mexican Senate.
On July 31, 2013, Partido Acción Nacional (PAN), Mexico’s main opposition political party,
delivered a highly anticipated energy reform proposal to the Mexican Senate, which, if
passed, has the potential to revolutionize the Mexican energy sector.