News

Oil and gas industry predicts billions in investments in New Mexico through 2030

Adrian Hedden | Carlsbad Current Argus | September 3, 2019

Solutions to the Permian Basin’s pipeline bottleneck problem could grow in the next decade as the oil and gas industry is expected to invest almost $200 billion in new infrastructure.

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New Mexico on pace for record $7.8 billion revenue thanks to oil production

Associated Press | Farmington Daily Times | August 19, 2019

New Mexico is now on track to collect an unprecedented $7.8 billion in the budget year thanks to skyrocketing oil production, according to a new legislative revenue tracking report.

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NM coffers flush with cash from oil boom

Dan Boyd | Albuquerque Journal | August 16, 2019

New Mexico’s revenue boom is showing no signs of busting.

Total state revenue collections were roughly $273 million above projected levels through April, according to a new report, due primarily to skyrocketing oil production in southeastern New Mexico that has led to a regional economic upswing.

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Basic Energy Services launches new water midstream company with Permian Basin focus

Sergio Chapa | Houston Chronicle | August 7, 2019

Fort Worth oilfield services company Basic Energy Services is launching a new subsidiary that will focus on moving and disposing of oilfield wastewater in the Permian Basin and other shale plays.

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Concho Resources joint venture to boost water recycling in Permian Basin

Houston Chronicle | July 31, 2019

Midland oil company Concho Resources has entered into a joint venture with Houston-based Solaris Water Midstream in a business move that is expected to boost oilfield water recycling in Permian Basin.

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Vice President Mike Pence to speak at Artesia trade rally

Michael Smith | Carlsbad Current Argus | August 15, 2019

Vice President Mike Pence is scheduled to make a stop in Artesia next week. 

Pence is slotted as a special guest for the United States-Mexico-Canada Agreement (USMCA) trade event Aug. 21 hosted by America First Policies, a nonprofit organization supporting policy initiatives.

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