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.Read more
Jessica 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.Read more
New Mexico Oil and Gas Association Executive Director Ryan Flynn gave an interview on 770 KKOB. Listen to his full interview here.
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.Read more
SANTA 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.Read more