Breathing easier in NM’s oil patch

NMOGA_oil_rigALBUQUERQUE, N.M. — Billions of dollars in new investment is flowing again in southeast New Mexico’s oil patch. Production is up, service companies are putting people back to work and more revenue is flowing into state coffers.

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Natural gas plant planned for Eddy County

rigEddy County commissioners are considering issuing industrial revenue bonds to a company looking to build a natural gas processing plant near the Lea County border.

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Major natural gas discovery could have big impact on Northern New Mexico

San JuanFARMINGTON, N.M. (KRQE) – It’s being called the most significant natural gas discovery in the San Juan Basin in 14 years.

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BP finds prolific shale gas source in New Mexico

BP BP believes it has found a fertile new source of shale gas in New Mexico, on land it bought from a U.S. shale driller two years ago.

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Economy in NM growing after years of stagnation

By Dan Boyd / Journal Capitol Bureau Chief

economy growth

SANTA FE – After several stagnant years, New Mexico’s economy is finally showing signs of growth.

Driven by a surge of drilling in the oil patch, the state’s gross domestic product – a key economic indicator – grew by 2.8 percent in the first quarter of this year, the third-highest growth of any state. Only Texas and West Virginia posted more robust gains, according to the federal Bureau of Economic Analysis.

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New Mexican Covers Half the Story on Methane

By: Ryan Flynn, Executive Director, New Mexico Oil & Gas Association

There are at least two sides to every story, and you can always rely on The Santa Fe New Mexican to tell exactly one of them. Take the recent piece “Neighboring states a world apart on methane regulations” published on July 17, 2017. The New Mexican dedicates nearly 3,000 words to extolling the virtues of Colorado’s methane regulations, anoints it as the “gold standard,” and praises the climate policies of former President Barack Obama and former Governor Bill Richardson.

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