“Mexico needs to open its lands to US frackers.”
After nationalizing everything that private companies invested last time (how PEMEX was formed), they might find it difficult to get anyone to invest again.
They need to get on somehow with their own nation building somehow.
In addition to a failing infrastructure, dwindling reserves have created urgency in completing some type of reform. Only 20% of Mexico has been extensively explored for further reserves, and it has been argued that Pemex will need the help of some form of foreign investment to successfully explore new reserves, including in the Gulf of Mexico.[18]”