News

Industry Innovation Drives U.S. Energy Renaissance

Industry Innovation Drives U.S. Energy Renaissance - New Mexico Oil & Gas Association

shutterstock_396672238.jpgMark Green | Energy Tomorrow | February 7, 2018

The broad, impactful outlines of the U.S. energy renaissance in a couple of recent data points:

- In November, U.S. crude oil production reached 10.038 million barrels per day – a level not seen in 50 years – largely with advanced hydraulic fracturing unlocking oil from tight-rock formations.

- The United States is projected to be a net exporter of energy by 2022 in most scenarios studied by the U.S. Energy Information Administration. Strong domestic production will play a major role, EIA says.

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OXY transloading facility opens in Carlsbad, marks regional expansion

OXY transloading facility opens in Carlsbad, marks regional expansion - New Mexico Oil & Gas Association

oxy_4x4-01.pngAdrian C. Hedden | Carlsbad Current-Argus | February 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

$30M for Carlsbad really is a win - New Mexico Oil & Gas Association

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

Executive Director Ryan Flynn on KKOB - New Mexico Oil & Gas Association

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 Tops 10 Million Barrels A Day for First Time Since 1970 - New Mexico Oil & Gas Association

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

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

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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