The Energy 202: The U.S. just hit a major milestone as a petroleum exporter
Dino Grandoni, The Washington Post | December 3, 2019
After years of relying on other countries for petroleum, the United States just reached a new energy-producing milestone by notching its first month in at least 70 years exporting more crude oil and petroleum products than it imported per day.
Study: New Mexico would lose billions if fracking banned, oil and gas leads economic growth
Adrian Hedden, Carlsbad Current-Argus | December 4, 2019
Multiple candidates for the Democratic presidential nomination proposed bans on hydraulic fracturing – a process used to extract fossil fuels from underground that was credited with the nation’s recent oil and gas boom – should they win the presidency.
Report: New Mexico State Income Higher Than Forecasted
KRWG News and Partners | December 4th, 2019
State government income for New Mexico is exceeding expectations set out by agency economists.
A revenue tracking report from the Legislature on Tuesday showed state general fund income of $8 billion for the fiscal year that ended June 30. That is $85 million higher than a recent forecast from state economists.
Read moreUS business group: Fracking ban would have dire consequences
Susan Montoya Bryan, AP News | December 4, 2019
Campaign pledges made by Democratic presidential candidates to ban hydraulic fracturing by the oil and natural gas sector would have dire economic consequences for New Mexico and the rest of the United States if implemented, said the head of the U.S. Chamber of Commerce’s Global Energy Institute.
EIA: US sets natural gas records in 2018
Oil & Gas Journal | November 19th, 2019
The US set new records in natural gas production, consumption, and exports in 2018, according to the US Energy Information Administration (EIA). Its Natural Gas Annual 2018 shows that dry natural gas production increased by 12% during 2018, reaching a record-high average of 83.8 bcfd.
NMOGA’s Brighter Future Fund Announces First Awards to New Mexico Non-Profits
New Mexico Oil and Gas Association | December 3, 2019
Today, the New Mexico Oil and Gas Association’s Brighter Future Fund announced $50,000 in awards to 10 New Mexico non-profit and educational organizations. These awards are the first of a five-year, $1 million commitment to support efforts to expand STEM (Science, Technology, Engineering, and Math) Education, increase economic opportunity, and reduce hunger in communities across New Mexico.