News

Fresh signs of life point to resiliency of Permian Basin

Jens Gould, The New Mexican l January 3, 2021

When Sam Cobb sets out on U.S. 62 these days, he’s seeing more heavy-duty trucks.

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Dallas Fed Energy Survey: Oil and gas activity on the rebound, outlook improves

Staff, ABC 25 News l December 31, 2020

Activity in the oil and gas sector jumped in the fourth quarter of 2020, according to oil and gas executives responding to the Dallas Fed Energy Survey.

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Oil and natural gas deliver revenues to New Mexico despite pandemic

Susan Montoya Bryan, Associated Press l December 21, 2020

ALBUQUERQUE, N.M. (AP) — Oil and gas development infused $2.8 billion into New Mexico coffers during the 2020 fiscal year and marked its second-highest total revenue ever reported despite a global price war and plummeting demand amid the coronavirus pandemic, according to a report released Monday.

 

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News Release: Oil and Natural Gas Contributed $2.8 Billion to New Mexico Budget in FY 2020

SANTA FE, NEW MEXICO, December 21, 2020 – A new analysis from the nonpartisan New Mexico Tax Research Institute reports state revenue from oil and natural gas production in New Mexico totaled $2.8 billion in fiscal year 2020, accounting for 33.5% of total state spending. Despite lower commodity prices throughout the spring of 2020, record production kept the oil and
gas revenue at the second highest total ever reported.

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Ban on federal oil and gas leasing could cost New Mexico, U.S. economies billions

Adrian Hedden, Carlsbad Current-Argus l December 18, 2020

As President-elect Joe Biden prepares to take office in January, environmental groups sought to hold the Biden administration accountable for campaign promises to ban new oil and gas leases on federal land and potentially end the practice of hydraulic fracturing or fracking.

 

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NMOGA Statement on the Nomination of Rep. Deb Haaland for Secretary of the Interior

SANTA FE, NEW MEXICO, December 17, 2020 –New Mexico Oil & Gas Association (NMOGA) President Ryan Flynn released the following statement today in response to President-elect Biden’s nomination of United States Representative Deb Haaland for Secretary of the Department of the Interior:

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