June 29, 2017 SANTA FE, NM – Today, Ryan Flynn, Executive Director of the New Mexico Oil & Gas Association, testified before a Congressional Committee on the impact bureaucratic federal regulations have on oil and natural gas development in New Mexico. “New Mexico is one of America’s top producers of energy, but we can fully maximize … [Read More...]
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Mewbourne Oil Company Opens New Permian Basin Headquarters
June 21, 2017 / Hobbs, NM Today, Mewbourne Oil Company announced the opening of a new regional headquarters for operations in Southeast New Mexico’s booming Permian Basin. The Tyler, Texas-based company’s new facility underscores their long-term commitment to Hobbs, New Mexico and the Permian Basin with an eye toward growth and expansion for … [Read More...]
New Mexico Will Get Budget Boost From Oil Leases
Associated Press / May 12, 2017 - 3:01 PM SANTA FE, N.M. — The Latest on New Mexico’s state budget crisis (all times local): New Mexico state finances are likely to get a $70 million boost this month after the U.S. Bureau of Land Management rejected environmental protests over oil and gas lease sales. In an email obtained Friday, the … [Read More...]
AP: New Mexico assets capture attention of oil and gas giants
Associated Press / Susan Montoya Brown / Apr 18, 2017 - 4:34 PM ALBUQUERQUE - As New Mexico's elected leaders wrangle over raising taxes to plug a budget shortfall, major multinational energy companies have quietly spent more than $13 billion in recent months on assets in the state's oil and gas hot spots. The new wave of investment bodes … [Read More...]
Special Session of New Mexico Legislature Likely Soon
It has been widely reported that a special session of the New Mexico Legislature will be called in the near future by Governor Susana Martinez. The session will deal with revenue and spending issues left unresolved from the just completed 60 day session. New Mexico's oil and gas industry plays a prominent role in budgetary discussions as the … [Read More...]
