News

US predicts that crude production will rise to 13.1M barrels a day in 2020

James Osborne | Houston Chronicle | May 7, 2019

U.S. oil production will hit 13.1 million barrels a day in 2020, the Energy Information Administration says in a new forecast.

That's a 19 percent increase over last year's average of 11 million barrels a day, with the forecast projecting most of the gains will come from the Permian Basin, which spans West Texas and Eastern New Mexico.

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Study shows drop in methane emission intensity

In The Pipeline | Paul Wedding | May 1, 2019

A new analysis by the New Mexico Oil & Gas Association shows a sharp drop in methane emission intensity in the Permian Basin during the last several years, despite a sharp increase in oil and gas production in the region.

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Researchers say methane estimates at gas wells were wrong

John Fialka | E& News Reporter | May 16, 2019

Scientists made "major overestimations" of methane emissions from oil and gas production in the United States by relying on faulty measurements, according to new research sponsored by NOAA.

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New Mexico Leads Record Year For BLM Lease Sales, Production

Darryl L. Flowers | Fairfield Sun Times | May 5, 2019

The Bureau of Land Management had a record year for revenues from onshore oil and gas lease sales, as well as production in 2018, according to data released by the agency this week.

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Exxon, Chevron Leading The Permian Oil And Natural Gas Surge

12 Facts About Fracking

1. Fracking creates jobs.

The oil and natural gas industry employs more than 100,000 New Mexicans thanks to fracking! New Mexico’s oil and natural gas industry even saw its employment rate increase by 2.3% in 2018.

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