Mirage Energy Corporation, through its wholly owned subsidiaries, intends to develop an integrated pipeline and natural gas storage facility in Mexico and the United States. The company is in the process of preparing to obtain the necessary permits in Mexico and the United States.
During 2019, the company continued working to address the two main impediments affecting private sector companies attempting to enter the Mexico gas market. The company acknowledges a lack of private sector cross-bord...
Mirage Energy Corporation, through its wholly owned subsidiaries, intends to develop an integrated pipeline and natural gas storage facility in Mexico and the United States. The company is in the process of preparing to obtain the necessary permits in Mexico and the United States.
During 2019, the company continued working to address the two main impediments affecting private sector companies attempting to enter the Mexico gas market. The company acknowledges a lack of private sector cross-border pipeline access to the Mexico gas markets and a national shortage of Mexico-based natural gas storage facilities and capacity.
The company is proposing to develop the Concho-Progreso Pipeline connecting South Texas and Mexico via it proposed Progreso International crossing under the Rio Grande River. All of the pipelines are being revised upward from 36 to 42 inch diameter pipe. The total length of the Concho-Progreso pipeline is estimated to be 250 miles.
This proposed pipeline includes various components, including a 7.1 mile 42 inches bi-directional U.S. pipeline termed the Concho Connector which proposes to tie into the Banquete and Agua Dulce headers; a 39.1 mile 42 inches bi-directional U.S. pipeline known as the Concho Extension linking the Concho Connector and its tie-ins to the company’s Concho line; a 93.9 mile 42 inches bi-directional U.S. pipeline known as the Concho Line connecting its proposed international crossing at Progreso to Transcos’ South Texas mainline near Falfurrias, Texas; a proposed international crossing termed the Progreso Crossing between Texas and Mexico beneath the Rio Grande River near Progreso, Texas in Hidalgo County to connect to the Concho and Progreso lines; a 36 mile 42 inches bi-directional Mexico pipeline termed the Progreso Line connecting to the company’s proposed Progreso international crossing to Station 19 on Sistrangas; and a 67 mile 42 inches bi-directional Mexico pipeline termed the Progreso Extension connecting the Progreso Line to the Los Ramones interconnect on Sistrangas.
Mexico under Ground Natural Gas Storage
In addition to the proposed pipelines and international crossing, the company proposes to develop the Campo Brasil natural gas storage reservoir. The Campo Brasil is a depleted natural gas reservoir field.
International Pipeline Crossing
Progreso Crossing: The planned Progresso crossing will be subject to a Presidential Permit for boring underneath the Rio Grande River. An approximate 46 inches bore hole under the river will provide the channel through which the 42 inches pipe will be pulled. The proposed ownership on U.S. side of river will be held by WPF TRANSMISSION, INC. and on the MEXICO side of the river will be held by WPF MEXICO PIPELINES S. de R.L. de C.V.
In addition to company’s proposed pipeline and storage projects (the ‘Projects’), the company is evaluating several other oil and gas opportunities in Southern Mexico which would synergistically integrate with its proposed Projects in Mexico.
History
The company was founded in 2014. It was incorporated in the state of Nevada in 2014. The company was formerly known as Bridgewater Platforms Inc. and changed its name to Mirage Energy Corporation in 2016.