News

Forecast for ‘new’ money at $292M

Rep. Larry LarrañagaDan Boyd | Albuquerque Journal | January 25, 2018

SANTA FE – New Mexico’s roller-coaster revenue ride shows no signs of abating, with a surge in oil drilling driving state tax collections to the highest level they’ve been in years.

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American shale oil set to flood the market

rigRobin Pagnamenta | The Times | January 10, 2018

America’s oil production is on track to exceed ten million barrels a day this year, a level not seen since 1970, and will hit an all-time high by the end of the year, according to official estimates released last night.

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Oil Boom Gives the U.S. a New Edge in Energy and Diplomacy

frackClifford Krauss | The New York Times | January 28, 2018 

HOUSTON — A substantial rise in oil prices in recent months has led to a resurgence in American oil production, enabling the country to challenge the dominance of Saudi Arabia and dampen price pressures at the pump.

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Oil price comeback brightens state revenue projections

Rig Good news from New Mexico’s oil patch is boosting revenue growth for state government, economists said Thursday, providing a projected cash cushion of over 11 percent by the end of June for the state’s general operating fund.

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Methane Emissions From Oil And Gas Are Plummeting Without Obama Rule

Chris White | The Daily Caller | December 20, 2017

Methane emissions from natural gas wells have dropped during the past six years, even as activists and lawmakers argue that stringent regulations are required to tackle what they believe are sky-high emission levels.

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Legislators get rare cushion of money

NM CapitolBruce Krasnow / Santa Fe New Mexican / Dec. 4, 2017 

For the first time in two years, state lawmakers will be heading into a session with a small cushion of new money that can be used to increase reserves or restore some spending cuts to government programs, including public education.

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