News

2019 End of Year Recap

2019 has been a banner year for New Mexico’s oil and natural gas industry.

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Decade in Review: 2010 - 2019

Thanks to historic oil and natural gas production this decade, our state’s economic outlook is as strong as it’s ever been.

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Why I'm Thankful for the Shale Revolution

Lee Habeeb, Newsweek | November 27, 2019

A story crossed the wires last week from Energy In Depth, a project of the Independent Petroleum Association of America. It should have made headlines everywhere around the world, drawing the attention of anyone concerned about carbon emissions and climate change.

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Permian has more than half of nation’s rigs

Midland Reporter-Telegram | November 22, 2019

With 405 rigs in operation, the Permian Basin now accounts for more than half of the nation’s drilling activity, according to the oilfield services company Baker Hughes. The nation’s rig count stands at 803, down three. The Permian’s total is also down three from last week.

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Analysis: Methane Emissions Intensity Declines in the Permian Basin

TNG, PBPA, and NMOGA | December 17, 2019

Methane emissions intensity in the Permian Basin has declined significantly over the past seven years as oil production nearly tripled over the same period, according to a new analysis by Texans for Natural Gas, the Permian Basin Petroleum Association and the New Mexico Oil and Gas Association (NMOGA). The analysis also utilizes the World Bank’s data to show how flaring intensity in the Permian Basin is far lower than other major producing countries around the world, such as Russia and Venezuela.

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Oil bonanza sustains state budget surplus in New Mexico

Morgan Lee and Susan Montoya Bryan, AP News | December 9, 2019

State government income is expected to outpace spending obligations by nearly $800 million for the coming fiscal year as New Mexico lawmakers contemplate bigger budgets for public schools, health care and anti-crime initiatives.

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