News

Bill Holland, S&P Global Market Intelligence | September 9th, 2021

Major U.S. oil and gas producers have cut the volume of natural gas flared from oil and gas wells by 50% in a year as measured by energy intensity, according to a partnership organized by the industry's largest trade group, the American Petroleum Institute.

ExxonMobil | September 7th, 2021IRVING, Texas – ExxonMobil said today it has signed an agreement with an independent validator, non-profit MiQ, to begin the certification process for natural gas produced at its Permian Basin facilities at Poker Lake, New Mexico. Certified natural gas validates emissions reduction efforts and helps customers meet their emissions goals.  

Susan Montoya Bryan, U.S. News | August 27th, 2021ALBUQUERQUE, N.M. (AP) — New Mexico is flush with cash due to a quick recovery of oil and gas markets and higher than expected gross receipts tax revenues as consumers spend federal stimulus checks and tap into other recovery aid, state finance officials and legislative analysts said.

Dan Boyd, Albuquerque Journal | August 27th, 2021TAOS SKI VALLEY — New Mexico has its share of problems, but a depleted state treasury isn’t one.

Oil and natural gas production contributed $1.37 billion to New Mexico schools in 2020. That amounted to more than $60,000 per teacher, or $3,700 per student. As students and parents are preparing for the start of a new school year, here are 5 things that you might not know come from oil and natural gas:

Frank J. Macchiarola, Morning Consult | August 18th, 2021For more than 50 years, presidential enthusiasm for U.S. petroleum products has spanned ideologies and personalities. Presidents from Jimmy Carter and Ronald Reagan to Barack Obama and Donald Trump hailed the benefits of American energy leadership. Democrats and Republicans alike saw abundant U.S. oil and natural gas as a path to economic prosperity, national security and environmental progress.