News

NM energy revenue increase is the largest in the nation for FY 2017

NMOGA_imageRachel Sapin / Albuquerque Business First / Dec. 1, 2017

New Mexico made $455 million from energy and minerals production on Federal and American Indian lands during Fiscal Year 2017, an increase of $86.5 million from the previous year.

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Oil and gas industry celebrates Trump rollback of BLM venting and flaring rule

NMOGA_flareAdrian C. Hedden / Carlsbad Current-Argus / Dec. 8, 2017

A controversial Obama-era regulation aimed at reducing methane waste was suspended by the Bureau of Land Management after months of debate between oil and gas industry leaders and environmental groups.

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Measuring a year of oil production in New Mexico

Fracking Well Rachel Spain / Albuquerque Business First / Nov. 30, 2017

New Mexico's monthly average rig count has more than doubled since November of last year, from 31 to 68.

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Oil, gas rebound boosts New Mexico

NM_FlagDan McKay / Albuquerque Journal / Nov. 21, 2017 

SANTA FE – For the first time in a long time, New Mexico lawmakers are getting some good financial news.

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US to Dominate Oil Markets After Biggest Boom in World History

Fracking Well Bloomberg / Nov. 14, 2017

The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.

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Top New Mexico Oil and Natural Gas Producers Partner to Slash Methane Emissions

SANTA FE, NM – Today, 26 of America’s leading oil and natural gas producers launched The Environmental Partnership, an industry-based coalition collaborating to reduce methane emissions and to improve environmental impacts resulting from the production of oil and natural gas. Top New Mexico producers: Anadarko Petroleum, Apache Corporation, BP America, Chevron, Cimarex Energy, ConocoPhillips, Devon Energy, Encana, EOG Resources, XTO Energy, Marathon Oil, Noble Energy, and Occidental Petroleum, are among the 26 producers initially joining the partnership.

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