News

U.S. Oil Production To Hit New Record In 2023

Tsvetana Paraskova, Oilprice.com | January 12th, 2022U.S. crude oil production is set to exceed pre-pandemic levels next year, driven by a jump in shale output as higher prices incentivize producers to drill more wells to offset decline rates, the Energy Information Administration says.     America’s crude oil production is set to average 12.4 million barrels per day (bpd) next year, the EIA said in its January Short-Term Energy Outlook (STEO), in which it revealed its first estimates for 2023.

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Oil and gas leads record $141.8 million in revenue for New Mexico Land Office last month

Adrian Hedden, Carlsbad Current Argus | January 12th, 2022Oil and gas continued to lead in revenue to the State of New Mexico as lawmakers prepared for the upcoming budget-focused 2022 Legislative Session commencing later this month.

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U.S. oil producers ramp up fracking in sign of stronger output gains

Arathy Somasekhar, Reuters | January 12th, 2022 Jan 12 (Reuters) - As oil prices have surged past $80 a barrel, U.S oil and gas producers are paving the way for faster production by expanding new well completions in the Permian Basin of west Texas and New Mexico, the country's top shale oil field, according to research data.

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Sen. Bobby Gonzales Says New Mexico Should Have One Of Top Early Childhood Education Programs In Nation

Maire O'Neill, Los Alamos Reporter | January 12th, 2022Sen. Roberto “Bobby” Gonzales told attendees at the League of Women Voters of Los Alamos/American Association of University Women at their 2020 Legislative Preview last week that there’s absolutely no excuse for New Mexico not to have one of the top programs in early childhood education in the nation.

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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

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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