News

Recovery of Permian oil industry evident in rig count

Recovery of Permian oil industry evident in rig count

Dale Janway, Carlsbad Current Argus l July 11, 2021

There’s some great news concerning the oil and gas industry in the state and nation right now. Baker Hughes reports that the count of total rigs in the United States has gone up from 461 to 470. The tally has continued to increase for the past two weeks. Much of that good news is taking place right here.

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Oil and gas revenue fuels education

Oil and gas revenue fuels education

Kayli Ortiz, Santa Fe New Mexican | July 10th, 2021In a small town in the middle of the Gila Wilderness, a class of rambunctious 4- and 5-year-old pre-K students released 32 healthy butterflies just before the end of the school year. It was the culmination of several weeks of observation and learning about the butterfly life cycle. It was also a lesson in patience, breathtaking growth, and transformation — fitting both for the year we had and for the transition to kindergarten the little ones were experiencing.

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For affordable electricity, keep natural gas

For affordable electricity, keep natural gas

Tom Greer, Santa Fe New Mexican l July 9, 2021

As the owner of Hub City Brewing Company in Belen (pop. 7,430), I know how small businesses operate under tight budgets with narrow profit margins. Any cost increase can hurt our bottom line. Take our electricity bill, for example.

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New Mexico State Land Office Shatters All-Time Revenue Record, Raises Estimated $1.25 Billion In FY 21

New Mexico State Land Office Shatters All-Time Revenue Record, Raises Estimated $1.25 Billion In FY 21

Carol A. Clark, Los Alamos Daily Post | July 8th, 2021SANTA FE – The New Mexico State Land Office (SLO) today released early revenue estimates for fiscal year (FY) 2021, which set the agency at an all-time record of $1.25 billion.

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Leasing ban limits NM’s recovery, threatens future

Leasing ban limits NM’s recovery, threatens future

Joseph Sanchez, Albuquerque Journal | July 4th, 2021Last month, a group of 24 New Mexico Democrats sent a letter to President Biden supporting the administration’s moratorium on federal oil and gas leases. While my former colleagues are correct that we have a responsibility to combat climate change, they conveniently fail to acknowledge the devastating impact banning oil and gas operations on federal lands and waters will have on our recovering economy here in New Mexico, and the fact President Biden’s executive order could very well just be the tip of the iceberg.

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As U.S. Temperatures Spike, So Does The Need For Natural Gas

As U.S. Temperatures Spike, So Does The Need For Natural Gas

Jude Clemente, Forbes | July 1st, 2021

As our energy-climate discussion marches on, one of the most telling things is being played out this sweltering summer.

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