News

Oil and gas industry celebrates Trump rollback of BLM venting and flaring rule

NMOGA_flareAdrian C. Hedden / Carlsbad Current-Argus / Dec. 8, 2017

A controversial Obama-era regulation aimed at reducing methane waste was suspended by the Bureau of Land Management after months of debate between oil and gas industry leaders and environmental groups.

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Measuring a year of oil production in New Mexico

Fracking Well Rachel Spain | Albuquerque Business First | November 30, 2017

New Mexico's monthly average rig count has more than doubled since November of last year, from 31 to 68.

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Oil, gas rebound boosts New Mexico

NM_FlagDan McKay | Albuquerque Journal | November 21, 2017 

SANTA FE – For the first time in a long time, New Mexico lawmakers are getting some good financial news.

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US to Dominate Oil Markets After Biggest Boom in World History

Fracking Well Bloomberg | November 14, 2017

The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.

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Top New Mexico Oil and Natural Gas Producers Partner to Slash Methane Emissions

SANTA FE, NM – Today, 26 of America’s leading oil and natural gas producers launched The Environmental Partnership, an industry-based coalition collaborating to reduce methane emissions and to improve environmental impacts resulting from the production of oil and natural gas. Top New Mexico producers: Anadarko Petroleum, Apache Corporation, BP America, Chevron, Cimarex Energy, ConocoPhillips, Devon Energy, Encana, EOG Resources, XTO Energy, Marathon Oil, Noble Energy, and Occidental Petroleum, are among the 26 producers initially joining the partnership.

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NM sees big jump in federal oil and gas revenues

rigMichael Coleman | Journal Washington Bureau | November 30, 2017 

New Mexico reaped $455 million from energy and mineral production on federal and Indian lands in fiscal year 2017, up $86.5 million from the previous year’s total, according to the U.S. Department of Interior.

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