News

Garrett Golding and Lutz Kilian, Federal Reserve Bank of Dallas | May 10th, 2022The rise of U.S. retail gasoline prices in March 2022 has triggered a debate about whether U.S. oil companies are doing enough to rein in high gasoline prices and whether these companies should be held accountable for not increasing the production of crude oil.

Pat Davis Szymczak, Journal of Petroleum Technology | May 3rd, 2022ExxonMobil has obtained an “A” grade certification under the independent MiQ standard for managing methane emissions following an assessment of its Poker Lake, New Mexico, facilities in the Permian Basin and earned bragging rights as the first oil and gas company to earn the top mark for control of methane emissions from associated gas.

Chevron | April 24th, 2022Chevron plans to boost its production in the Permian Basin by 10% this year as economic and geopolitical events underscore the importance of meeting society’s expectations for energy security and cost efficiency as well as carbon reduction.

Paul J. Gessing, Las Cruces Sun News | April 24th, 2022New Mexico is in a unique of economic situation. Despite having the highest unemployment rate in the nation for all of 2022, our incredibly strong oil and gas industry, buoyed by high prices and rapid production growth, have given politicians in Santa Fe “more money than they know what to do with.” So, in the recent 30-day session we saw spending grow by more than $1 billion and some significant tax cuts. Then, in a special session, rebates to be paid out to taxpayers and non-taxpayers alike.

Scott Wyland, Santa Fe New Mexican | April 23rd, 2022These two things are indisputable: Greenhouse gases are warming the planet, and the fossil fuel industry is a large source of these emissions.

New Mexico’s oil and gas producers are actively utilizing and developing advanced technologies to reduce emissions. Here are some examples: