Poza Rica (Spanish pronunciation: [ˈposa ˈrika]), formally: Poza Rica de Hidalgo is a city and its surrounding municipality in the Mexican state of Veracruz. Its name means "rich pool", because it was a place known for its abundance of fish. In this century oil was discovered in the area. It has since been almost completely extracted. This has resulted in the decline of oil well exploration and drilling activities, though there are still many oil facilities.