News

State revenue soars, led by surging oil production

Dan Boyd / Albuquerque Journal / April 11, 2018

SANTA FE – New Mexico revenue collections are continuing to soar after several cash-lean years, prompting Gov. Susana Martinez to assert on Wednesday that efforts to grow and diversify the state’s economy are paying off.

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Pat Davis, Debbie O’Malley Fuel Hysteria at City Hall

Dowd Muska / Errors of Enchantment / April 4, 2018

Last night’s “town hall” on the unlikely possibility of oil-and-gas drilling within Bernalillo County and/or the City of Albuquerque went about as expected.

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Oil Production Flourishes in Delaware Basin, Supports City Projects

Adrian C. Hedden / Carlsbad Current-Argus / March 16, 2018

The oil business is booming throughout New Mexico, and local communities are eager to reap the benefits.

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Permian Driving US Crude Oil Production Growth

shutterstock_89439454.jpgKeisha Bandz | Market Realist | March 28, 2018 

The US Energy Information Administration (EIA) has forecasted that US crude oil production in 2018 will average 10.7 million barrels per day, the highest annual average since 1970, when crude oil production had averaged 9.6 million barrels per day. In 2019, the EIA forecasts crude oil production to average 11.3 million barrels per day.

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New Mexico sees record-setting year in oil production

shutterstock_156828218.jpgRon Davis | Albuquerque Business First | March 13, 2018 

For the second consecutive year, New Mexico oil and gas has set a new record for oil production.

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New Mexico oil production gushes to all-time record

shutterstock_280133924.jpgKevin Robinson-Avila | Albuquerque Journal | March 12, 2018

New Mexico oil production is booming at levels never before seen in state history, pushing output last year to an all-time record of 171 million barrels, according to the latest statistics from the state Oil Conservation Division.

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