News

Study: The Economic Benefits of Hydraulic Fracturing To New Mexico

Global Energy Institute | December 10, 2019

New Mexico is one of the great success stories of America’s energy revolution. A state hard hit by the Great Recession, historic levels of oil and natural gas production – made possible by advancements and improvements in hydraulic fracturing technology – have resulted in new job creation, economic growth, and increases in personal income that are leading the nation.

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The Energy 202: The U.S. just hit a major milestone as a petroleum exporter

Dino Grandoni, The Washington Post | December 3, 2019

After years of relying on other countries for petroleum, the United States just reached a new energy-producing milestone by notching its first month in at least 70 years exporting more crude oil and petroleum products than it imported per day.

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Study: New Mexico would lose billions if fracking banned, oil and gas leads economic growth

Adrian Hedden, Carlsbad Current-Argus | December 4, 2019

Multiple candidates for the Democratic presidential nomination proposed bans on hydraulic fracturing – a process used to extract fossil fuels from underground that was credited with the nation’s recent oil and gas boom – should they win the presidency.

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Report: New Mexico State Income Higher Than Forecasted

KRWG News and Partners | December 4th, 2019

State government income for New Mexico is exceeding expectations set out by agency economists.

A revenue tracking report from the Legislature on Tuesday showed state general fund income of $8 billion for the fiscal year that ended June 30. That is $85 million higher than a recent forecast from state economists.

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US business group: Fracking ban would have dire consequences

Susan Montoya Bryan, AP News | December 4, 2019

Campaign pledges made by Democratic presidential candidates to ban hydraulic fracturing by the oil and natural gas sector would have dire economic consequences for New Mexico and the rest of the United States if implemented, said the head of the U.S. Chamber of Commerce’s Global Energy Institute.

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EIA: US sets natural gas records in 2018

Oil & Gas Journal | November 19th, 2019

The US set new records in natural gas production, consumption, and exports in 2018, according to the US Energy Information Administration (EIA). Its Natural Gas Annual 2018 shows that dry natural gas production increased by 12% during 2018, reaching a record-high average of 83.8 bcfd.

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