LAREDO, TEXAS (KGNS) -- It was the second day of a two-day summit to bring the U.S. and Mexico together over the future of energy exploration.
The event brought in companies from Mexico and Texas to learn from each other and connect for the future of Mexico's energy industry.
That movement toward privatization has opened up possible opportunities for companies to partner with PEMEX-- who is the state-owned company that has managed energy extraction in Mexico for nearly a century.
Some representatives from PEMEX were featured guests there today.
Panelists also talked about how the Eagle Ford Shale boom we're having on this side of the border could continue southward.
Something energy representatives have said before, they're hoping to learn from companies in South Texas who have already gone though trial and error here in the Eagle Ford.
Congressman Cuellar says security needs to be a big part of possible involvement by American firms.
So that those many of those small companies can feel comfortable setting up in northern Mexico.
PEMEX reports mexico is currently the 7th largest oil producer in the world, and it's the 3rd largest exporter to the United States.