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Question
Dear David,

Normally, oil price is informed using three references: WTI, Brent, and another one that I canoot remember now (which one?).
What is the meaning of those three references?
Which one of them is of interest to Mexico? Why?

Thank you,
Leonardo

Answer
The third type is called OPEC basket; you can learn more at the link below.

http://oilprice.com/Energy/Crude-Oil/A-Detailed-Guide-On-The-Many-Different-Type

Also, Mexico would probably be interested in all three of these references since they produce many different types of crude oil throughout the country.

Here are some additional interesting facts about oil production in Mexico.

http://www.eia.gov/todayinenergy/detail.cfm?id=11251

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David Traugott

Expertise

I can answer questions related to the technical issues associated with the drilling and completing of oil and gas wells; very familiar with the cementing process, LWD tools and Coiled Tubing operations. Limited knowledge of mineral rights and/or royalties.

Experience

Seventeen years working as an engineer in the industry both in the field and in the office. Field locations include offshore, land, and overseas. Office locations include Lafayette, LA and Houston, TX.

Organizations
SPE, AADE, IADC, API, IEEE, ICoTA

Publications
SPE Drilling and Completion Magazine, World Oil, Harts E&P.

Education/Credentials
Bachelor of Science in Electrical Engineering, UL Lafayette 1995. Strategic MBA, University of Houston-Victoria 2010

Past/Present Clients
Major and Independent Oil and Gas Companies.

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