U.S. just became a net oil exporter for the first time in 75 years
Javier Blas | Chicago Tribune | December 7, 2018
America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as "energy independence."
USGS Identifies Largest Continuous Oil and Gas Resource Potential Ever Assessed
U.S. Department of Interior | December 6, 2018
Today, the U.S. Department of the Interior announced the Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin portion of Texas and New Mexico’s Permian Basin province contain an estimated mean of 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey (USGS). This estimate is for continuous (unconventional) oil and consists of undiscovered, technically recoverable resources.
Oil and Gas Boom in Permian Basin Boosts Local Charities
U.S. News | December 2nd, 2018
CARLSBAD, N.M. (AP) — With the recent oil and gas boom in the Permian Basin, charities are seeing an increase in donations from some of the oil companies that have come in, but the number of clients being served is also increasing as many workers can't afford rent and are looking for other help.
NM's oil boom marks $43 million milestone
Associated Press | November 23rd, 2018 | Albuquerque Journal
SANTA FE – The State Land Office has set a record for its monthly oil and gas lease sale, generating more than $43 million for public schools and other trust land beneficiaries as the oil boom continues in New Mexico.
Occidental Donates $145K To Fire Departments
Michael Smith | Carlsbad Current-Argus | November 15, 2018
Those handling emergency duties across Eddy County are sharing a $145,000 donation from Occidental Petroleum.
U.S. Expected to Produce Half of Global Oil and Gas Output by 2025
Christopher Alessi | The Wall Street Journal | November 12, 2018
Relentless American shale development is set to allow the U.S. to leapfrog the world’s other major oil and gas producers, with the potential for the country to account for roughly half of global crude and natural growth by 2025, the International Energy Agency said Tuesday.