Copyright © 2013 Albuquerque Journal
by Kevin Robinson-Avila.
The good times just keep getting better in the oil patch in southeastern New Mexico.
Oil production jumped by another 15 percent in the first six months of 2013, according to the latest statistics from the state Oil Conservation Division. That puts New Mexico on track for its sixth consecutive year of growth, marking the longest period of expansion in at least four decades.
State production is now at its highest levels since the late 1970s. And producers project a lot more growth for the foreseeable future, thanks to robust oil prices and modern drilling technologies that keep cracking open new pools of hydrocarbons in the Permian Basin.