News

NM's oil boom marks $43 million milestone

Associated Press | November 23rd, 2018 | Albuquerque Journal

SANTA FE – The State Land Office has set a record for its monthly oil and gas lease sale, generating more than $43 million for public schools and other trust land beneficiaries as the oil boom continues in New Mexico.

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Occidental Donates $145K To Fire Departments

Michael Smith | Carlsbad Current-Argus | November 15, 2018

Those handling emergency duties across Eddy County are sharing a $145,000 donation from Occidental Petroleum.

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U.S. Expected to Produce Half of Global Oil and Gas Output by 2025

Christopher Alessi | The Wall Street Journal | November 12, 2018

Relentless American shale development is set to allow the U.S. to leapfrog the world’s other major oil and gas producers, with the potential for the country to account for roughly half of global crude and natural growth by 2025, the International Energy Agency said Tuesday.

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An Extraordinary Partnership For Extraordinary Times

Permian Strategic Partnership | Carlsbad Current-Argus | November 18, 2018

As leaders of major energy companies operating in the Permian Basin, we often engage in spirited competition with each other for quality workers, leases and equipment, and to make our individual companies the best operators and service providers in the industry.

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Flynn: Why The Hysteria Over Hilcorp's Application?

Ryan Flynn | Farmington Daily Times | November 16, 2018

For months, a routine pool rule application has garnered an unusual amount of attention. 

Groups like the Sierra Club, San Juan Citizens Alliance, and other elected officials have weighed in to make false claim after false claim against one producer’s efforts to revitalize natural gas development in the San Juan Basin. 

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Report: Shale Saved New Mexicans More Than $3.4 Billion Over 10 Years

Lindsay Mackinson | Energy In Depth | November 7th, 2018 

The Consumer Energy Alliance (CEA) released a new report last week detailing the incredible savings New Mexico consumers have enjoyed thanks to the shale revolution. The report shows that increased natural gas production, made possible by fracking, saved New Mexico families and businesses more than $3.4 billion between 2006 and 2016. According to the report, residential users saved nearly $1.6 billion while commercial and industrial users saved more than $1.86 billion.

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