News

New Mexico commits millions to rural roads

Adrian C Hedden | Carlsbad Current-Argus | May 24, 2019

Partnering with private industry could be the path to repairing the crumbling roads in rural southeast New Mexico, burdened by the oil and gas industry – the same industry that generated about $2 billion in surplus funds for the State of New Mexico last year.

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Oil, gas industry ready to partner on methane rules

Ryan Flynn | Albuquerque Journal | June 8, 2019 

NMOGA_Flynn_Quote.pngAs our state and Gov. (Michelle) Lujan Grisham’s administration begin a process to assess how to manage methane emissions, New Mexico’s oil and natural gas industry is a willing partner.

Each day, thousands of New Mexicans go to work in the oil and natural gas industry. Together these men and women drive New Mexico’s economy, working tirelessly to ensure New Mexico safely produces the energy we need to power our daily lives. Their hard work has provided New Mexico with a billion-dollar budget surplus, and more funds to support our public schools and roadways.

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Millions spent on conservation projects along Pecos River

Adrian C Hedden | Carlsbad Current-Argus | May 17, 2019

Major oil and gas companies in the Permian Basin are contributing millions of dollars in grants to restore wildlife in southeast New Mexico and across the state.

The Pecos Conservation Partnership announced $2.87 million in matching contributions from grantees, for a $5 million in financial impact on regional conservation projects.

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Study: $64 billion generated for NM by ExxonMobil investment in Permian Basin

Jessica Onsurez | Carlsbad Current-Argus | May 17, 2019

ExxonMobil's development of assets in the Permian Basin is estimated to provide $64 billion benefiting New Mexico over the next four decades, according to a report released by the company Friday.

The company said its investment in the Permian will represent $55 billion in capital expenditures in Eddy and Lea counties.

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State Land Office generating record revenue

Kevin Robinson-Avila | AlbuquerqueJournal | May 25, 2019

New Mexico is raking in record revenue hand over fist from activities on state-owned lands.

The State Land Office collected $852 million from leases, royalties and other payments in fiscal year 2018, a 28% increase from FY 2017 and the highest amount ever recorded, according to a new report from the economic advocacy group New Mexicans for Economic Prosperity.

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Lea advances to nation’s No. 2 county in oil production

Curts C. Wynee | News-Sun | May 12, 2019

We may be No. 2, but we try harder.

The old commercial line comes to mind when oil production data from various sources show Lea County hit the No. 2 spot in the nation in January.

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