News

Aramco chief warns of possible oil supply shortages, as Chinese demand set to surge

Aramco chief warns of possible oil supply shortages, as Chinese demand set to surge

Natasha Turak, CNBC | January 18th, 2023The chief of the world's largest oil company is worried about global crude supplies.

Read more

Budget proposals show record money after oil boom

Budget proposals show record money after oil boom

Nicole Maxwell, NM Political Report | January 16th, 2023

The Legislative Finance Committee released its budget recommendations last Thursday.

Read more

Oil money windfall pushes New Mexico spending proposals to $9.4B. Lawmakers warned of bust

Oil money windfall pushes New Mexico spending proposals to $9.4B. Lawmakers warned of bust

Adrian Hedden, Carlsbad Current Argus | January 13th, 2023

Bolstered by a surging oil and gas industry in the state, New Mexico lawmakers and the Gov. Michelle Lujan Grisham aligned in recommending $9.4 billion in spending for the next fiscal year for the legislature to consider in the upcoming session starting next week.

Read more

Oil and Gas Are Back and Booming

Oil and Gas Are Back and Booming

Benoît Morenne and Jon Hilsenrath, The Wall Street Journal | January 10th, 2023Chesapeake Energy Corp. was one of the biggest stars of the fracking boom, riding high for years on its ability to tap vast troves of American natural gas.

Read more

Despite emissions concerns, Texas GOP applauds EPA backing off Permian Basin regulation effort

Despite emissions concerns, Texas GOP applauds EPA backing off Permian Basin regulation effort

Antoinette Odom, Spectrum News | January 7th, 2023TEXAS — Texas officials are celebrating a win in what they called an “attack on Permian Basin.” The Environmental Protection Agency (EPA) has decided against its plans for a non-attainment designation of portions of the Permian Basin.

Read more

Biden administration defers plan to tackle smog from oil drillers in Permian Basin

Biden administration defers plan to tackle smog from oil drillers in Permian Basin

Oil & Gas 360 | January 6th, 2023The Biden administration is deferring a plan to crack down on smog in the drilling hotbed of the Permian Basin, handing a win to oil producers along with their allies in Texas and New Mexico.

Read more