News

Oil and gas production boomed in New Mexico in 2021

Oil and gas production boomed in New Mexico in 2021

Mike Cook, The Las Cruces Bulletin | January 12th, 20222021 was a banner year for energy production in New Mexico, the New Mexico Oil and Gas Association (NMOGA) said in a Dec. 29 email.

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Lucid Energy advances plan to develop Permian’s largest CCS project

Lucid Energy advances plan to develop Permian’s largest CCS project

Robert Brelsford, Oil and Gas Journal | January 11th, 2022Lucid Energy Group is moving forward with plans to develop what will become the Permian basin’s largest carbon capture and sequestration (CCS) project at the operator’s northern Delaware basin Red Hills natural gas processing complex in Lea County, NM, about 15 miles northwest of Jal.

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Op-Ed: U.S. natural gas is critical to strengthening America’s national security

Op-Ed: U.S. natural gas is critical to strengthening America’s national security

Richard D. Kauzlarich, RealClearWire | January 6th, 2022In recent months, European gas prices have risen as much as 700%, leaving millions of citizens vulnerable to a dangerously unstable grid and burdened with high electricity costs heading into this winter.

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France Turns to Coal as Nuclear Plant Shutdowns Threaten Power Grid

France Turns to Coal as Nuclear Plant Shutdowns Threaten Power Grid

Pat Davis Szymczak, Journal of Petroleum Technology | January 10th, 2022France expects to exceed self-imposed limits on coal usage to avoid power outages. This comes as nuclear power plants undergo maintenance and there are not enough renewable energy systems to fill the gap.

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Permian Basin starts new year with more oil and gas deals, supply to meet demand in 2022

Permian Basin starts new year with more oil and gas deals, supply to meet demand in 2022

Adrian Hedden, Carlsbad Current-Argus | January 4th, 2022 Oil and gas’ momentum building in 2021 continued at the start of the year as multiple corporate deals indicated continued interest in the oil-rich Permian Basin of southeast New Mexico and West Texas.

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U.S. energy firms add oil, gas rigs for record 17th month in a row- Baker Hughes

U.S. energy firms add oil, gas rigs for record 17th month in a row- Baker Hughes

Swati Verma and Brijesh Patel, Reuters | December 31st, 2021Dec 31 (Reuters) - U.S. energy firms added oil and natural gas rigs for a record 17 months in a row as higher prices lured some drillers back to the wellpad after last year's coronavirus-driven decline in demand.

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