News

Executive Director Ryan Flynn on KKOB

shutterstock_498395695.jpgNew Mexico Oil and Gas Association Executive Director Ryan Flynn gave an interview on 770 KKOB. Listen to his full interview here. 

 

 

 

 

 

 

 

 

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U.S. Oil Production Tops 10 Million Barrels A Day for First Time Since 1970

U.S. oil production surpassed 10 million barrels a day in November for the first time in nearly 50 years, a milestone that underscores the growing dominance of the U.S. oil industry.

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Oil and Natural Gas Pump $1.742 Billion Into New Mexico’s Budget, Schools

school_NMOGASANTA FE, NM – A new report by the nonpartisan New Mexico Tax Research Institute reveals that New Mexico’s General Fund and public schools benefitted from $1.743 billion in oil and natural gas taxes and revenues in the previous fiscal year. The figures include $711 million in funding for public schools, and nearly $223 million for the state’s universities, colleges, and other higher education institutions.

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ExxonMobil to Triple Permian Production by 2025, Expand Transportation Infrastructure

exxonmobil_logo.pngExxon Mobil | January 30, 2018

- Company plans to invest more than $2 billion in terminal and transportation expansion

- Investments supported by changes to U.S. corporate tax rate

- Downstream and Chemical expansions progressing due to increased low-cost supply

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American shale oil set to flood the market

rigRobin Pagnamenta | The Times | January 10, 2018

America’s oil production is on track to exceed ten million barrels a day this year, a level not seen since 1970, and will hit an all-time high by the end of the year, according to official estimates released last night.

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Forecast for ‘new’ money at $292M

Rep. Larry LarrañagaDan Boyd | Albuquerque Journal | January 25, 2018

SANTA FE – New Mexico’s roller-coaster revenue ride shows no signs of abating, with a surge in oil drilling driving state tax collections to the highest level they’ve been in years.

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