Mexico -- Commerce; Mexico -- Economic conditions; Mexico -- Politics and government -- 1910-1946
The plants of the foreign companies are probably the greatest
installation in any single oil field in the world. The investment in
pipe lines, pumping stations, storage tanks, refineries, terminals and
ships represents close on $750,000,000; the length of the 161 pipe
lines (practically all of them eight or ten inches in diameter) totals
nearly 1,000 miles, while nearly 1,500 steel tanks, with a capacity of
60,000,000 barrels, furnish enough storage to fill a thousand ships.
Through the pipe lines can pass, under high pressure, 750,000 barrels
a day, although the average production for 1920 was about half of this
amount.
In the Mexican fields in April, 1920, the latest date for which figures
are available, there were 304 wells in production, 148 located and 123
drilling. The total of commercially unproductive wells to that date
was 464, including only 35 which showed oil in too small quantities.
Three-fifths of all the wells drilled in Mexico have been dry holes,
and to-day of 1,113 wells drilled and projected, only 75 which have
actually flowed oil have run out of production. These last, however,
include some of the greatest in the history of the petroleum industry.
The vast investment and plant in the Tampico-Tuxpam fields produced
in 1920 over 140,000,000 barrels of oil, one-fourth of all that
was produced in the entire world, equaling some 40 per cent of the
production of all the fields in the United States. The 1920 production
was nearly five times that of 1913, when less than 26,000,000 barrels
were extracted from the Mexican wells, and when Mexico’s total oil
output was only one-ninth that of the United States and contributed
less than one-twelfth to the production of the world. The growth has
been steady and by tremendous strides, for when the pressure of war was
on, the men who were taking out Mexican oil built up a production which
between 1916 and 1917 brought an increase of 40 per cent and began a
development that despite superhuman difficulties gained such momentum
that between 1919 and 1920 the increase was 60 per cent.
Public-domain text, read in full here on John Shaqi.
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