News

Power to the Permian: Xcel sees record numbers during oil boom

Adrian Hedden | Carlsbad Current-Argus | August 1, 2018

Amid a heat wave and ongoing expansion in the oil and gas industry, one of southeast New Mexico’s primary electricity providers reported its highest volume ever transmitted earlier this month.

Read more

Intelligent Drones Push The Boundaries Of Oil And Gas Inspection

Mark Venables | Forbes | July 24, 2018

Drones are not new to industry or the oil and gas sector. They have been used by companies that are offering full-service video, or to capture survey photographs for some time.  However, Renner Vaughn, director of oil and gas at commercial drone operator, Cape, believes that there is a major gap between what companies are hoping for and achieving in the use of drones.

Read more

NM oil gushes to new highs

Kevin Robinson-Avila | Albuquerque Journal | July 24, 2018

ALBUQUERQUE, N.M. — New Mexico oil production is gushing to a new record this year, with output up 31 percent in the first five months of 2018, according to the latest statistics from the state Oil Conservation Division.

Read more

America's Oil and Gas Industry Is on Pace for a Record Smashing Year in 2018

Matthew DiLallo | Motley Fool | July 14, 2018

Energy companies in America are on pace to produce 10.8 million barrels of oil per day (BPD) this year, according to a forecast by the U.S. Energy Information Administration (EIA). Not only would that sandwich the country between Russia and Saudi Arabia as one of the three largest oil producers in the world, but it would smash the record of 9.6 million BPD set in 1970. It marks a remarkable comeback for a country that had seen its output steadily decline for more than two decades before embarking on an epic rebound out of the ashes of the 2008-9 financial crisis.

Read more

US expected to become world's top oil producer next year

David Koenig | Petoskeynews | July 15, 2018

The U.S. has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world's biggest oil producer for the first time in more than four decades.

Read more

New Mexico Oil & Gas Drilling Rigs At An All-Time High As Permian Boom Continues

New Mexico Oil and Gas Association | July 24, 2018

SANTA FE, NEW MEXICO – Active oil and gas drilling rigs in New Mexico are at an all-time high of 103 rigs, according to the latest Baker Hughes inventory of rigs in the United States and Canada. New Mexico had previously reached the 103 mark twice, in October and December 2014, beating the previous top count of 101 achieved throughout 2006. New Mexico’s rig count now ranks third among states, following only Texas and Oklahoma.

Read more