News

OXY transloading facility opens in Carlsbad, marks regional expansion

oxy_4x4-01.pngAdrian C Hedden / Carlsbad Current-Argus / Feb. 22, 2018

A multinational oil and gas company is the latest to expand in the Permian Basin region, opening a frac sand transloading facility just about 15 miles south of Carlsbad.

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$30M for Carlsbad really is a win

carslbad_4x4-01.pngJessica Onsurez / Carlsbad Current-Argus / Feb. 17, 2018

While the Santa Fe New Mexican and "others" are left scratching their heads, those in southeast New Mexico are left shaking ours.

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Executive Director Ryan Flynn on KKOB

shutterstock_498395695.jpgNew Mexico Oil and Gas Association Executive Director Ryan Flynn gave an interview on 770 KKOB. Listen to his full interview here. 

 

 

 

 

 

 

 

 

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U.S. Oil Production Tops 10 Million Barrels A Day for First Time Since 1970

U.S. oil production surpassed 10 million barrels a day in November for the first time in nearly 50 years, a milestone that underscores the growing dominance of the U.S. oil industry.

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Oil and Natural Gas Pump $1.742 Billion Into New Mexico’s Budget, Schools

school_NMOGASANTA FE, NM – A new report by the nonpartisan New Mexico Tax Research Institute reveals that New Mexico’s General Fund and public schools benefitted from $1.743 billion in oil and natural gas taxes and revenues in the previous fiscal year. The figures include $711 million in funding for public schools, and nearly $223 million for the state’s universities, colleges, and other higher education institutions.

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ExxonMobil to Triple Permian Production by 2025, Expand Transportation Infrastructure

exxonmobil_logo.pngExxon Mobil / Jan. 30, 2018

- Company plans to invest more than $2 billion in terminal and transportation expansion

- Investments supported by changes to U.S. corporate tax rate

- Downstream and Chemical expansions progressing due to increased low-cost supply

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