News

Data: New Mexico's GDP growth fueled by oil and gas

Adrian Hedden, Carlsbad Current-| November 13, 2019

Oil and gas production grew New Mexico’s economic output by the fourth-highest rate in the country this year, as the extraction industry boomed in the Permian Basin in the southeast corner of the state.

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10 Reasons You Should Be Thankful For Oil And Gas

 

There are countless reasons to be thankful for New Mexico’s oil and natural gas industry this holiday season, but we've done our best to narrow down the list to 10 of our favorites.

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Three things to know about energy activity in NM's Permian and beyond

Ron Davis, Albuquerque Business First | Nov 14, 2019

Some industry leaders believe New Mexico may not face the same kind of rollercoaster ride with energy activity that it has in the past.

On Thursday, Albuquerque Business First hosted its Energy Outlook panel as part of ABF’s Grow New Mexico Series. Panelists included Missi Currier, president and CEO, Economic Development Corp. of Lea County; Hugo Gutierrez, Director, State Government Affairs, Marathon Oil Corp.; Debra P. Hicks, president and CEO, Pettigrew & Associates; Adrienne Sandoval, director of the state Oil Conservation Division; and Randy Velarde, president, Plaza Group.

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U.S. oil production at all time high, reaches 12.8 million barrels per day in November

Adrian Hedden, Carlsbad Current-Argus |  November 18, 2019

Production of U.S. crude oil rose to an all-time high in October, peaking at 12.6 million barrels per day last month and continuing to grow to 12.8 million barrels per day as of Nov. 8.

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New Mexico Joins Western States and Tribal Nations Natural Gas Initiative

Bryson Hull, Business Wire | November 18, 2019

The State of New Mexico today became the newest member of Western States and Tribal Nations (WSTN) natural gas initiative, adding a strong advocate for the power of responsible, environmentally sound energy production to boost rural economies.

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Oil and gas water facilities coming to Permian, production continues growth in New Mexico

Oil and Gas 360 | November 1, 2019

A Texas-based oil and gas water company is moving into southeast New Mexico, to provide processing for water and other fluids generated during operations in western section of the booming Permian Basin.

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