News

State Land Office nets $15M from November lease sale

State Land Office nets $15M from November lease sale - New Mexico Oil & Gas Association

rigAdrian C. Hedden | Carlsbad Current-Argus | November 22, 2017

To benefit public schools across New Mexico, the State Land Office made $15.3 million from November’s oil and gas lease sale, bringing the year’s total from the sales to $72.5 million.

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Greens Struggle to Counter Evidence that New Mexico is Reducing Methane Emissions

Greens Struggle to Counter Evidence that New Mexico is Reducing Methane Emissions - New Mexico Oil & Gas Association

Rebecca Simons | Energy in Depth | November 13, 2017

 The Environmental Defense Fund (EDF) last Thursday released a report that claims methane emissions from New Mexico oil and natural gas development “are drastically higher than official state reports.”

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Oil companies are hiring more in New Mexico's Four Corners region

Oil companies are hiring more in New Mexico's Four Corners region - New Mexico Oil & Gas Association

oilfieldRachel Sapin | Albuquerque Business First | November 7, 2017

Multinational oilfield services company Halliburton Co. announced late last year it aimed to hire 200 workers for product service lines and support functions in the booming Permian Basin in southeastern New Mexico. Now officials with the Houston-based oil giant say they are also hiring workers in the state's Four Corners region.

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New Mexico Regulators Report Drop in Methane Emissions

New Mexico Regulators Report Drop in Methane Emissions - New Mexico Oil & Gas Association

rig1-01.pngSUSAN MONTOYA BRYAN / Associated Press / Nov. 3, 2017

ALBUQUERQUE, N.M. (AP) — State regulators say methane emissions from oil and natural gas production in New Mexico have dropped by more than 50 percent over the past year thanks to advances in technology and changes in the way wells are drilled.

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Oil & Gas Methane Emissions Down 47% in Four Corners Region

Oil & Gas Methane Emissions Down 47% in Four Corners Region - New Mexico Oil & Gas Association

4x4cornersSeth Whitehead / Energy In Depth / Oct. 31, 2017

Environmental groups have repeatedly attributed the Four Corners methane “hot spot” over the borders of New Mexico, Colorado, Arizona and Utah to oil and gas development, using it as the focal point of their justification for the Bureau of Land Management’s (BLM) controversial venting and flaring rules on federal lands.

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Eddy County commissioners approve industrial revenue bond

Eddy County commissioners approve industrial revenue bond - New Mexico Oil & Gas Association

Eddy CountyDeJanay Booth | Carlsbad Current-ArgusPublished | November 7, 2017

Eddy County Commissioners unanimously approved an industrial revenue bond for a company planning to build and operate a natural gas plant within the county. 

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