News

Adrian Hedden, Carlsbad Current Argus | January 14th, 2022An Eddy County solar farm will support the needs of Chevron’s Permian Basin oil and gas operations after the fossil fuel giant won a bid for a section of State Trust land for the project.

Dale Janway Mayor, City of Carlsbad | January 13th, 2022 We had a great visit from our local Chevron office during Tuesday’s City Council meeting. Chevron announced a generous donation of $40,000 to the Carlsbad Fire Department.

Albuquerque International Balloon Fiesta powered by ExxonMobilAlbuquerque, NM – The Albuquerque International Balloon Fiesta board, directors and staff have announced that ExxonMobil will be the event’s presenting sponsor for the next three years (2022-2024).

Tsvetana Paraskova, Oilprice.com | January 12th, 2022U.S. crude oil production is set to exceed pre-pandemic levels next year, driven by a jump in shale output as higher prices incentivize producers to drill more wells to offset decline rates, the Energy Information Administration says.     America’s crude oil production is set to average 12.4 million barrels per day (bpd) next year, the EIA said in its January Short-Term Energy Outlook (STEO), in which it revealed its first estimates for 2023.

Adrian Hedden, Carlsbad Current Argus | January 12th, 2022Oil and gas continued to lead in revenue to the State of New Mexico as lawmakers prepared for the upcoming budget-focused 2022 Legislative Session commencing later this month.

Arathy Somasekhar, Reuters | January 12th, 2022 Jan 12 (Reuters) - As oil prices have surged past $80 a barrel, U.S oil and gas producers are paving the way for faster production by expanding new well completions in the Permian Basin of west Texas and New Mexico, the country's top shale oil field, according to research data.