News

New Mexico projects $350 million increase in state revenue

Daniel J. Chacón, The Santa Fe New Mexican | June 9th, 2021Jun. 9—Revenues for the state of New Mexico are tracking ahead of financial forecasts to the tune of $350 million, allowing the government to reduce the amount of money it will have to siphon out of its rainy day fund in the upcoming fiscal year.

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Tomlinson: US natural gas exports necessary to fight climate change

Chris Tomlinson, Houston Chronicle | June 9th, 2021Transforming how the world generates energy will happen quicker than fossil fuel companies expect, take longer than environmentalists want, and require more compromises than anyone anticipates.

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America’s Energy Gift to Dictators

The Editorial Board, The Wall Street Journal | June 9th, 2021The U.S. is barreling toward one of the greatest self-inflicted wounds in its history. This came into sharper focus last week when President Biden suspended oil leases in Alaska’s Arctic National Wildlife Refuge (ANWR), even as Russia and the Organization of the Petroleum Exporting Countries (OPEC) announced production increases.

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City of Carlsbad update: Carlsbad supports 'all of the above' energy approach

Dale Janway, Carlsbad Current Argus | June 8th, 2021We wish to add some additional commentary regarding an article from the weekend asking how local officials feel about Santa Fe County’s support of a ban on oil and gas leases. While the quotes in the article were accurate, it is certainly a topic worthy of additional discussion.

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U.S. oil and gas jobs increased slightly in May as companies remain focused on debt

World Oil l June 6, 2021

American energy technology and services sector employment increased by an estimated 9,707 jobs in May, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council.

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U.S. March Oil Production Rebounds Strongly From Winter Storm Low

Ron Patterson, Seeking Alpha | May 31st, 2021U.S. March production increased by 1,401 kb/d to 11,184 kb/d from Februaryʼs output of 9,783 kb/d and was also 128 kb/d higher than January’s. The increase was due to the rebound from the severe winter storm that hit the four US southern states, Texas, New Mexico, Louisiana and Oklahoma. Note that February’s output of 9,862 kb/d in the previous report was revised down by 79 kb/d to 9,783 kb/d in the current report.

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