News

Investments In New Mexico Oil and Gas Industry Could Increase Production By 323%

William Allison | Energy in Depth | September 3, 2019

New Mexico’s growing oil and natural gas industry is set to generate “unprecedented opportunities” from a newly forecasted $174 billion in private infrastructure investments by 2030, the New Mexico Oil & Gas Association announced today.

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U.S. oil sector sets another record in another sign of energy independence

Marissa Luck | Houston Chronicle | August 21, 2019

The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring.

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Oil and gas industry predicts billions in investments in New Mexico through 2030

Adrian Hedden | Carlsbad Current Argus | September 3, 2019

Solutions to the Permian Basin’s pipeline bottleneck problem could grow in the next decade as the oil and gas industry is expected to invest almost $200 billion in new infrastructure.

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New Mexico on pace for record $7.8 billion revenue thanks to oil production

Associated Press | Farmington Daily Times | August 19, 2019

New Mexico is now on track to collect an unprecedented $7.8 billion in the budget year thanks to skyrocketing oil production, according to a new legislative revenue tracking report.

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NM coffers flush with cash from oil boom

Dan Boyd | Albuquerque Journal | August 16, 2019

New Mexico’s revenue boom is showing no signs of busting.

Total state revenue collections were roughly $273 million above projected levels through April, according to a new report, due primarily to skyrocketing oil production in southeastern New Mexico that has led to a regional economic upswing.

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Basic Energy Services launches new water midstream company with Permian Basin focus

Sergio Chapa | Houston Chronicle | August 7, 2019

Fort Worth oilfield services company Basic Energy Services is launching a new subsidiary that will focus on moving and disposing of oilfield wastewater in the Permian Basin and other shale plays.

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