News

U.S. oil production hits estimated record 13 million barrels per day

Jordan Blum, Houston Chronicle | January 15, 2020

U.S. crude oil production rose to an estimated record-high of 13 million barrels per day last week as the nation's energy growth crossed a new threshold, according to a weekly report from the U.S. Energy Department.

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Permian Basin jobs grow as oil and gas production booms in southeast New Mexico

Adrian Hedden, Carlsbad Current-Argus | January 10, 2020

Oil and gas operations in the Permian Basin saw dramatic increases in both production and employment last year, driving the U.S. to become a leader in energy development worldwide.

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Distributions from permanent funds approach $1.1B

Dan Boyd, Albuquerque Journal | January 23rd, 2020

New Mexico’s two largest permanent funds will pump an all-time high of nearly $1.1 billion into state schools, hospitals and other programs in the coming budget year.

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Permian Basin drives U.S. oil exports above imports

Adrian Hedden, Carlsbad Current-Argus | January 3, 2020

The United States exported more oil than it imported for the first time in history last year, as production boomed in the Permian Basin of southeast New Mexico and West Texas.

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‘Investing for tomorrow and delivering today’

Dan Boyd, Albuquerque Journal | January 6th, 2020

New Mexico state spending would surge significantly for the second consecutive year under a budget proposal unveiled by Gov. Michelle Lujan Grisham on Monday that would boost state spending by $596.3 million – or roughly 8.4% – over current levels.

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New Mexico governor seeks raises for teachers, state workers

Morgan Lee, AP News | January 6, 2020

New Mexico’s governor delivered budget recommendations Monday that include a new round of pay increases for public school and state government workers plus subsidies to expand early childhood schooling and provide tuition-free college.

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