Energy companies point to area's existing oil-gas infrastructure and supply chain as feds aim to lease project sites off Louisiana and northern Texas next year.
The U.S. and Mexican governments on Feb. 20 agreed to jointly develop, along the countries’ maritime border in the Gulf of Mexico, oil and gas reservoirs that could contain up to 172 million barrels of oil and 304 billion cu ft of natural gas, according to the Bureau of Ocean Energy Management, or BOEM.
