Permian has more than half of nation’s rigs
Midland Reporter-Telegram | November 22, 2019
With 405 rigs in operation, the Permian Basin now accounts for more than half of the nation’s drilling activity, according to the oilfield services company Baker Hughes. The nation’s rig count stands at 803, down three. The Permian’s total is also down three from last week.
Analysis: Methane Emissions Intensity Declines in the Permian Basin
TNG, PBPA, and NMOGA | December 17, 2019
Methane emissions intensity in the Permian Basin has declined significantly over the past seven years as oil production nearly tripled over the same period, according to a new analysis by Texans for Natural Gas, the Permian Basin Petroleum Association and the New Mexico Oil and Gas Association (NMOGA). The analysis also utilizes the World Bank’s data to show how flaring intensity in the Permian Basin is far lower than other major producing countries around the world, such as Russia and Venezuela.
Oil bonanza sustains state budget surplus in New Mexico
Morgan Lee and Susan Montoya Bryan, AP News | December 9, 2019
State government income is expected to outpace spending obligations by nearly $800 million for the coming fiscal year as New Mexico lawmakers contemplate bigger budgets for public schools, health care and anti-crime initiatives.
New Mexico’s oil and gas industry honored at awards
Stephen Hamway, Albuquerque Journal | December 16, 2019
For years, NAIOP’s Chuck Gara Community Leader Award, one of the highest honors at the commercial real estate group’s annual Awards of Excellence event, was given to an individual from New Mexico’s business community who exemplified the longtime real estate professional’s leadership and generosity.
Confusing Steam for Methane and Other Things to Know About The New York Times Latest Emissions Story
Nicole Jacobs, Energy In Depth | December 13, 2019
The New York Times claims in its latest article on methane emissions in the Permian Basin to have found a smoking gun on leaks from oil and natural gas facilities.
In reality, it’s just a steaming exhaust vent.
Read moreStudy: The Economic Benefits of Hydraulic Fracturing To New Mexico
Global Energy Institute | December 10, 2019
New Mexico is one of the great success stories of America’s energy revolution. A state hard hit by the Great Recession, historic levels of oil and natural gas production – made possible by advancements and improvements in hydraulic fracturing technology – have resulted in new job creation, economic growth, and increases in personal income that are leading the nation.