[Editor's note: A version of this story appears in the April 2021 issue of Oil and Gas Investor magazine.]
Glenn Hart’s new natural gas wells in Webb County in South Texas are a few miles from the Dolores/Columbia border crossing that seems to be a bridge to nowhere. But in 1992, it had its reasons for being northwest of Laredo: It’s the Mexican state of Nuevo Leon’s only border crossing. The state’s border with Texas is only about 9 miles long, while Mexico’s five other border states share the other 1,950 miles.
The president and CEO of Rio Grande Exploration & Production LLC, Hart is informally known among business neighbors and associates as the mayor of South Texas, having four decades of working the many formations from conventional to today’s unconventional.
“I’ve been telling people ‘It’s our turn,’” Hart said of natural gas. “We’re the guys that will be providing the electricity in the absence of all the other sources.
“I think the investing public is starting to catch on that that’s how it’s going to be. Natural gas for producing electricity is going to be the future for a while. It’s cleaner and cheaper.”