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NEW MEXICO GETS $5.3BN IN REVENUE FROM OIL AND GAS

NEW MEXICO GETS $5.3BN IN REVENUE FROM OIL AND GAS

Daniel Graeber, Natural Gas World | December 6th, 2021Oil 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.

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Smaller 'independent' oil and gas producers leading Permian Basin growth, study says

Smaller 'independent' oil and gas producers leading Permian Basin growth, study says

Adrian hedden, Carlsbad Current-Argus | December 3rd, 2021As 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.

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New Mexico breaks record in oil and gas revenue in FY21, report says

New Mexico breaks record in oil and gas revenue in FY21, report says

Matt Narvaiz, Albuquerque Business First | December 3rd, 2021New Mexico’s oil and gas industry has shown no signs of slowing down, despite a pandemic that has affected nearly every industry.

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ExxonMobil plans for net zero emissions in Permian Basin operations by 2030

ExxonMobil plans for net zero emissions in Permian Basin operations by 2030

Newsroom, ExxonMobil | December 6th, 2021IRVING, 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.

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New Mexico's projected $1.4 billion budget expected to have robust growth from oil, gas production

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, 2021The state got good news in August when financial experts projected nearly $1.4 billion in new money for the next budget year.

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New Mexico oil and natural gas industry contributes record $5.3 billion in tax revenue

New Mexico oil and natural gas industry contributes record $5.3 billion in tax revenue

Bethany Blankley, The Center Square | December 2nd, 2021(The Center Square) - New Mexico’s oil and natural gas industry contributed $5.3 billion to state and local governments in tax revenue in the fiscal year 2021, the highest figure ever recorded in state history. 

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