For months, a routine pool rule application has garnered an unusual amount of attention.
Groups like the Sierra Club, San Juan Citizens Alliance, and other elected officials have weighed in to make false claim after false claim against one producer’s efforts to revitalize natural gas development in the San Juan Basin.Read more
The Consumer Energy Alliance (CEA) released a new report last week detailing the incredible savings New Mexico consumers have enjoyed thanks to the shale revolution. The report shows that increased natural gas production, made possible by fracking, saved New Mexico families and businesses more than $3.4 billion between 2006 and 2016. According to the report, residential users saved nearly $1.6 billion while commercial and industrial users saved more than $1.86 billion.Read more
Small oil and gas operators are beginning to make their mark in southeast New Mexico, as applications to permit drilling at the Bureau of Land Management's Carlsbad Field Office saw a 10-year high in fiscal year 2018.Read more
CARLSBAD —The oil boom in southeast New Mexico generated millions in surplus funds for the State of New Mexico.Read more
The New Mexico economy is on a roll. We have the top-performing economy in the country, and our unemployment rate is the lowest it has been in a decade. We’re also looking at the largest budget surplus in state history.
About $12.7 million in state revenue was generated by the New Mexico’s State Land Office’s most recent lease sale, which included tracts in Lea and Eddy counties.Read more