News

Permian Output Seen Ramping Up in 2021

Ron Nissimov, Natural Gas Intelligence l October 6, 2020

Production in the Permian Basin will likely decline through the year but then begin to increase through at least 2026, even if prices do not rise significantly, according to analysts.

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U.S. natural gas production, consumption, and exports set new records in 2019

Today in Energy l October 5, 2020

The U.S. Energy Information Administration’s (EIA) Natural Gas Annual shows that the United States set new records in natural gas production, consumption, and gross exports in 2019.

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Study shows major impact of oil and gas industry on New Mexico economy

Todd DeFeo, The Center Square l October 5, 2020

(The Center Square) – A new study from the New Mexico Tax Research Institute shows that the oil and gas industry is a large contributor to the state’s economy, including paying 25 percent of all state and local taxes in 2018, the last year for which full details are available.

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DOE committed to success of NM energy industry

Mark W. Menezes, U.S. Deputy Secretary of Energy l October 4, 2020

New Mexico is the prime example of an American energy success story. Advances in technology like enhanced oil recovery and hydraulic fracturing, in part developed by the Department of Energy (DOE) laboratories, allowed the Land of Enchantment to become a land of opportunity because of increased oil and natural gas production.

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Eddy County and Business Neighbors Host “Queen Up the Guads” Cleanup Day

County of Eddy Press Release | September 30, 2020

XTO Energy Donation Funds Meals for 250 Volunteers

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New Report: Oil and Gas Supported 134,000 Jobs, Added $16.6 Billion to New Mexico Economy

Press Release, NMOGA | September 30, 2020

SANTE FE, NEW MEXICO – The New Mexico Oil and Gas Association (NMOGA) today released a new report showing that New Mexico’s oil and natural gas industry supported 134,000 in-state jobs and added $16.6 billion to New Mexico’s economy in 2018.

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