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.
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.
Read moreBasic 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.
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.
Vice President Mike Pence to speak at Artesia trade rally
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.
Read moreU.S. shale oil output forecast to hit record 8.55 million bpd in August
U.S. oil output from seven major shale formations is expected to rise by about 49,000 barrels per day (bpd) in August, to a record 8.55 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.
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