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