News

Oil Boom Boosts New Mexico Economy

shutterstock_308120906(1).jpgDan Boyd | Albuquerque Journal | June 12, 2018

SANTA FE – New Mexico’s coffers are suddenly bulging after several cash-lean years, due primarily to a sustained surge in the production and price of oil – which some lawmakers have taken to calling black gold.

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New Mexico's Economic Growth Tied To Oil & Gas

Screen_Shot_2018-06-13_at_10.45.24_AM.pngAndrew Oxford | Santa Fe New Mexican | June 12, 2018

New Mexico’s latest oil and gas boom is buoying the state’s finances a year after lawmakers scrambled to balance the budget.

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ExxonMobil Announces Greenhouse Gas Reduction Measures

ExxonMobil Corporation | May 23, 2018

IRVING, Texas – ExxonMobil today announced greenhouse gas reduction measures that are expected to lead to significant improvements in emissions performance by 2020, including a 15 percent decrease in methane emissions and a 25 percent reduction in flaring. The company also announced its intention to improve its industry-leading energy efficiency in refining and chemical manufacturing facilities.

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Viewpoint: Why I'm betting on NM's oil sector

shutterstock_1082615222.jpgDan K. Eberhart | Albuquerque Business First | May 29, 2018

When the stampede for acreage in the Delaware Basin began in 2016, many across southern New Mexico had already given up on the state’s oil patch and left for jobs elsewhere. Despite a steady recovery, the previous two years of free-falling prices clearly took a toll on the local economy.

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ExxonMobil and Employees Contribute More Than $170,000 to New Mexico Colleges and Universities

ExxonMobil Corporation | May 21, 2018

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees contributed more than $170,000 to institutions of 6 higher education across New Mexico as part of the ExxonMobil Foundation’s 2017 Educational Matching Gift Program.

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Report: US Oil and Gas Companies Have Invested $108B in GHG Reduction Technology Since 2000

shutterstock_424305754.jpgJack Anderson | Energy in Depth | May 16, 2018

The US oil and gas sector is a major contributor of investment into greenhouse gas mitigation technologies, according to a new study commissioned by the American Petroleum Institute (API). Between 2000 and 2016, oil and gas companies alone invested a cumulative $108.2 billion in technologies aimed at reducing greenhouse gas emissions from a variety of sources. Notably, that total doesn’t include an additional $193.3 billion invested in emissions-lowering shale gas, which the Energy Information Administration and other reputable third-party sources have largely credited for the 13 percent drop in U.S. energy-related carbon dioxide emissions since 2005.

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