News

New Analysis: Oil and Natural Gas Accounted for $18.8 Billion, 17.9% of NM Economy in 2019

Industry Critical to State’s Post-Pandemic Recovery

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Leasing ban threatens the future of New Mexico

Joseph Sanchez, Albuquerque Journal l July 18, 2021

Last month, a group of 24 New Mexico Democrats sent a letter to President Biden supporting the administration’s moratorium on federal oil and gas leases.

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Oil And Gas Is Booming In The Land Of Enchantment

Felicity Bradstock, OilPrice l July 15, 2021

New Mexico, the Land of Enchantment, was concerned when Biden’s pause on oil and gas drilling leases took hold, but six months into the new administration the state’s oil industry continues to go from strength to strength. After uncertainty about political decisions concerning oil and gas, following a year of low demand that drove down both oil prices and production levels, New Mexico has surpassed North Dakota as the second-largest oil producer in the U.S. following a boost in oil production this spring, not seen since the pre-pandemic period.

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State oil, gas leader touts industry’s contributions

Roswell Daily Record l July 12, 2021

New Mexico’s oil and gas industry has recovered in many ways during the past year, but an industry leader says state and federal regulatory and legislative efforts to restrict emissions and industry activity on public lands continue to present challenges.

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Recovery of Permian oil industry evident in rig count

Dale Janway, Carlsbad Current Argus l July 11, 2021

There’s some great news concerning the oil and gas industry in the state and nation right now. Baker Hughes reports that the count of total rigs in the United States has gone up from 461 to 470. The tally has continued to increase for the past two weeks. Much of that good news is taking place right here.

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Oil and gas revenue fuels education

Kayli Ortiz, Santa Fe New Mexican | July 10th, 2021In a small town in the middle of the Gila Wilderness, a class of rambunctious 4- and 5-year-old pre-K students released 32 healthy butterflies just before the end of the school year. It was the culmination of several weeks of observation and learning about the butterfly life cycle. It was also a lesson in patience, breathtaking growth, and transformation — fitting both for the year we had and for the transition to kindergarten the little ones were experiencing.

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