- Business
- Mirage Energy Corporation Mirage Energy Corporation (MRGE), through its wholly owned subsidiaries, focuses on developing an integrated natural gas transportation and storage system bridging the United States and Mexico; the company proposes bi-directional pipelines including the 46-mile Concho Extension from the Banquete and Agua Dulce areas to Falfurrias, Texas, the 94-mile Concho Line to the Progreso international crossing under the Rio Grande near Progreso, Texas, the 36-mile Progreso Line to PEMEX Station 19 in Mexico, the 67-mile Progreso II Extension to the Los Ramones interconnect, and the 14-mile Storage Line to the Brasil Field; additionally, it plans the Campo Brasil natural gas storage facility, a depleted reservoir in Tamaulipas, Mexico, capable of holding 786 billion cubic feet to enable peak load balancing, price arbitrage, and a Mexican natural gas pricing hub. Incorporated in Nevada on May 6, 2014, as Bridgewater Platforms Inc. and renamed Mirage Energy Corporation in November 2016, the company is headquartered at 900 Isom Road, Suite 306, San Antonio, Texas 78216, and operates in the oil and gas midstream sector targeting utilities, producers, and consumers across South Texas and Northeast Mexico. Recent developments include signing a joint development agreement, securing financing with Bluebell International, LLC, entering an agreement with the Energy Administration of Puebla, paying off debt to Power Up Lending in October 2021 to eliminate overhang and stabilize its market position, and acquiring 4Ward Resources, Inc. as a wholly owned subsidiary with the appointment of David J. Cibrian to its board of directors.