News

Mewbourne Oil Company Opens New Permian Basin Headquarters

mewbourne4x4-01.pngHobbs, NM - Today, Mewbourne Oil Company announced the opening of a new regional headquarters for operations in Southeast New Mexico’s booming Permian Basin. The Tyler, Texas-based company’s new facility underscores their long-term commitment to Hobbs, New Mexico and the Permian Basin with an eye toward growth and expansion for decades to come.

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New Mexico Will Get Budget Boost From Oil Leases

Associated Press / May 12, 2017 – 3:01 PM

martinez_4x4-01.pngSANTA FE, N.M. — The Latest on New Mexico’s state budget crisis (all times local):

New Mexico state finances are likely to get a $70 million boost this month after the U.S. Bureau of Land Management rejected environmental protests over oil and gas lease sales.

 

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AP: New Mexico assets capture attention of oil and gas giants

Associated Press / Susan Montoya Brown / Apr 18, 2017 – 4:34 PM

1111-01.pngALBUQUERQUE – As New Mexico’s elected leaders wrangle over raising taxes to plug a budget shortfall, major multinational energy companies have quietly spent more than $13 billion in recent months on assets in the state’s oil and gas hot spots.

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Special Session of New Mexico Legislature Likely Soon

1111-01.pngIt has been widely reported that a special session of the New Mexico Legislature will be called in the near future by Governor Susana Martinez. The session will deal with revenue and spending issues left unresolved from the just completed 60 day session.

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For the Greater Good: Dwayne Taylor

By Paul Wiseman / The Permian Basin Petroleum Association Magazine / March 2017

2222-01.pngTo call Dwayne Taylor’s first business a “mom and pop” operation would have been an exaggeration by two times. Taylor was it, working seven days a week, by himself, and operating a single rig.

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Congratulations to Maxwell Bears Basketball Team on Their State Championship

3333-01.pngThe Maxwell High School boys basketball team defeated Springer 63-53 on Saturday March 11, 2017 in Albuquerque to become the Class 1A state champions.  NMOGA met with the Bears last month as part of the association’s outreach program. NMOGA Executive Director, Ryan Flynn has declared Monday, March 13, 2017 Maxwell High School Bears Day in New Mexico’s Oil and Gas Industry.  Congratulations Bears!

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