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Theses ordinances promulgated by Carlos III in Aranjuez in 1783 made all mineral and subsoil resources property of the Spanish Crown no matter who owned the lands.
Multiple attempts to capitalize on the oil industry in Mexico date back to the mid to late 19th century. In the year 1869 on the hacienda known today as "Furbero" near Papantla in the State of Veracruz, pioneering explorations for oil fields were underway, just ten years after completion of the "Drake" well in the United States, near Titusville, Pennsylvania. In 1876 an unidentified American sea captain is said to have found oil at Tuxpan, refined it and sold the product for brief period as kerosene...
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