U.S. predicts that crude production will rise to 13.1M barrels a day in 2020
James Osborne | Houston Chronicle | May 7, 2019
U.S. oil production will hit 13.1 million barrels a day in 2020, the Energy Information Administration says in a new forecast.
That's a 19 percent increase over last year's average of 11 million barrels a day, with the forecast projecting most of the gains will come from the Permian Basin, which spans West Texas and Eastern New Mexico.Read more
Study shows drop in methane emission intensity
In The Pipeline | Paul Wedding | May 1, 2019
A new analysis by the New Mexico Oil & Gas Association shows a sharp drop in methane emission intensity in the Permian Basin during the last several years, despite a sharp increase in oil and gas production in the region.Read more
Researchers say methane estimates at gas wells were wrong
John Fialka | E&E News Reporter | May 16, 2019
Scientists made "major overestimations" of methane emissions from oil and gas production in the United States by relying on faulty measurements, according to new research sponsored by NOAA.Read more
New Mexico Leads Record Year For BLM Lease Sales, Production
Darryl L. Flowers | Fairfield Sun Times | May 5, 2019
The Bureau of Land Management had a record year for revenues from onshore oil and gas lease sales, as well as production in 2018, according to data released by the agency this week.Read more
Exxon, Chevron Leading The Permian Oil And Natural Gas Surge
Forbes | Jude Clemente | May 1, 2019
The Permian shale play in West Texas continues to see growth in oil and gas production, surging past all pessimism and expectations.
This month, the Permian will account for ~35% of U.S. crude production and ~17% of natural gas supplyRead more
12 Facts About Fracking
1. Fracking creates jobs.
The oil and natural gas industry employs more than 100,000 New Mexicans thanks to fracking! New Mexico’s oil and natural gas industry even saw its employment rate increase by 2.3% in 2018.