NEW MEXICO GETS $5.3BN IN REVENUE FROM OIL AND GAS
Daniel Graeber, Natural Gas World | December 6th, 2021
Oil and natural gas contributed an estimated $5.3bn to state and local governments in New Mexico during fiscal year 2021, a joint report published December 3 found.
Smaller 'independent' oil and gas producers leading Permian Basin growth, study says
Adrian hedden, Carlsbad Current-Argus | December 3rd, 2021
As global energy companies target the oil-rich Permian Basin in southeast New Mexico and West Texas for future growth in their extraction operations, a recent study showed smaller, independent producers lead growth in the region over the last few years amid a boom in fossil fuel development.
New Mexico breaks record in oil and gas revenue in FY21, report says
Matt Narvaiz, Albuquerque Business First | December 3rd, 2021
New Mexico’s oil and gas industry has shown no signs of slowing down, despite a pandemic that has affected nearly every industry.
ExxonMobil plans for net zero emissions in Permian Basin operations by 2030
Newsroom, ExxonMobil | December 6th, 2021
IRVING, Texas – ExxonMobil said today it plans to achieve net zero greenhouse gas emissions from operated assets in the U.S. Permian Basin by 2030, accelerating and expanding its emission-reduction plans for unconventional operations in New Mexico and Texas. The plans are part of the corporate-wide effort to reduce Upstream greenhouse gas emissions intensity by 40-50% by 2030, compared to 2016 levels.
New Mexico's projected $1.4 billion budget expected to have robust growth from oil, gas production
Staff and wire report, Santa Fe New Mexican | November 23rd, 2021
The state got good news in August when financial experts projected nearly $1.4 billion in new money for the next budget year.