News

America's Progress at Risk: The Impacts of a Fracking Ban

The American Petroleum Institute

More than 95% of U.S. natural gas and oil wells today are developed using hydraulic fracturing. Technologically, fracking is the chief reason the U.S. is the world’s leading natural gas and oil producer.

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Rig counts hold steady

Midland Reporter-Telegram | February 14, 2020

The nation’s rig count held steady this week, according to the weekly rig count issued by oilfield services company Baker Hughes.

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Oil Production from Department of the Interior Managed Leases Surpasses 1 Billion Barrels for the First Time in History

U.S. Department of the Interior | February 11, 2020

The Department of the Interior announced today that over one billion barrels of oil were produced in Fiscal Year (FY) 2019 from leases on federal and American Indian-owned lands and offshore areas – a historic milestone.

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Leverage Strength of Oil and Gas to Improve Access to Education for All

Ryan Flynn, Executive Director - New Mexico Oil and Gas Association

Record revenue from oil and natural gas production is transforming New Mexico and ushering in a new era of opportunity for our state. Teachers and other public employees are receiving well-deserved raises; and the state is making strategic investments to improve education, update infrastructure, and diversify our energy-based economy.

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RESEARCH & COMMENTARY: PROPOSED FRACKING MORATORIUM IN NEW MEXICO WOULD DEVASTATE STATE ECONOMY

Tim Benson, Heartland Institute | January 22, 2020

A proposal introduced for the second consecutive year in New Mexico because of erroneous environmental concerns would establish a four-year ban on new hydraulic fracturing permits and would imperil the state’s financial situation.

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The Oil And Gas Situation: Abundance And Growth Meet Limitations

David Blackmon, Forbes | January 27, 2020

The past week has seen an array of stories touting the wealth and abundance being created by the U.S. oil and gas industry. At the same time, the industry is experiencing market factors that promise to limit how much more growth it will be able to create going forward.

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