The Rest Of The Story On New Mexico's Record Permian Basin Lease Auction
David Blackmon | Forbes | September 10th, 2018
By now you may have already read about the fact that an oil and gas leasing auction conducted by the Bureau of Land Management (BLM) in Southeast New Mexico late last week grossed almost a billion dollars, coming in at $967 million. As the Albuquerque Journal noted, that sum more than tripled the total dollars bid on all federal onshore lease auctions held during entirety of 2017, and more than doubled the previous record year of 2008.
Oil and gas lease sale breaks records at almost $1B
Lisa Dunlap | Roswell Daily Record | September 7, 2018
The sale of oil and gas leases by the U.S. Bureau of Land Management for parcels in southeast New Mexico has brought in close to $1 billion in revenues, breaking records and earning more than all 2017 lease sales combined.
Southwestern States May Be Helping To Drive The Continuing National Economic Boom
Tim Henderson | Stateline | September 11, 2018
An oil and gas bonanza in Southwestern states may be helping to drive the continuing national economic boom.
Energy Summit: Industry to partner with local to sustain oil and gas growth
Adrian C Hedden | Carlsbad Current-Argus | September 6 2018
There’s no end in sight for the ongoing oil boom in the Permian Basin and southeast New Mexico, but oil and gas and government officials called on the industry to partner with the communities that host developments to make sure continued industrial expansion is sustained — and safe.
Read moreNew approach to extracting fossil fuels has benefits
Hari Viswanathan & Richard Middleton | Albuquerque Journal | August 31, 2018
SANTA FE, N.M. — Fossil fuels continue to drive our economy, as well as most of our cars. So it’s worth pursuing a new approach with economic and environmental benefits: using carbon dioxide (CO2) as a fracturing fluid, incentivized by a new development in the federal tax code. This technique creates a win-win-win: increased domestic oil and natural gas production with lower environmental impact, including permanently sequestering CO2 underground, which helps maintain earth-system balance.
Read moreThey Said It Couldn’t Be Done: Trump Admin Dominates with Billion-dollar Oil and Gas Sale
U.S. Department of the Interior | September 6 2018
WASHINGTON – In a testament to the Trump Administration's America First Energy Plan, the Bureau of Land Management’s (BLM) third-quarter oil and gas lease sale in New Mexico broke all previous records by grossing nearly $1 billion in bonus bids for 142 parcels. The two-day sale brought in more revenue than all BLM oil and gas sales in 2017 combined, and surpassed BLM’s previous best sales year. Revenue from the sale totaled $972,483,619.50 and illustrates the Trump Administration’s commitment to sustainably developing America’s energy and natural resources to achieve American energy dominance.