News

EIA: US crude, NGL production broke records in November

Oil & Gas Journal | Nick Snow | December 28, 2018

Reported total US crude production through Nov. 30 averaged more than 10.8 million b/d in 2018, 16.4% more than the monthly average of almost 9.3 million b/d for the comparable 2017 period, according to figures from EIA’s December 2018 Monthly Energy Review. Average monthly NGL production through November of more than 4.3 million b/d was almost 14.8% more than average monthly NGL production in 2017’s first 11 months, it said.

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6 Things Oil and Gas Did in 2018

NMOGA | December 31, 2018

 

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7 Ways Oil & Gas Power Your Christmas

NMOGA | December 11, 2018

Oil and gas is a driving force behind New Mexico's economy, provides vital funds for education and is making strides in helping to preserve the environment. Oil and gas also have a hand in making holidays like Thanksgiving and Independence Day special and, of course, Christmas! Here's how oil and gas helps power the most wonderful time of the year, it continues to do so.

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Oil Sector Boosts State Government Fortunes in New Mexico

Morgan Lee | December 11, 2018 | Las Cruces Sun News

New Mexico state economists on Monday affirmed forecasts for a major financial windfall to state government linked to a booming oil sector despite recent fluctuations in energy prices, as the governor’s office passes from Republican to Democratic control.

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U.S. just became a net oil exporter for the first time in 75 years

Javier Blas | Chicago Tribune | December 7, 2018

America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as "energy independence."

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USGS Identifies Largest Continuous Oil and Gas Resource Potential Ever Assessed

U.S. Department of Interior | December 6, 2018

Today, the U.S. Department of the Interior announced the Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin portion of Texas and New Mexico’s Permian Basin province contain an estimated mean of 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey (USGS). This estimate is for continuous (unconventional) oil and consists of undiscovered, technically recoverable resources.

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