News

Gas production up; emissions down

Gas production up; emissions down - New Mexico Oil & Gas Association

shutterstock_407313520.jpgMathew Kandrach | Albuquerque Journal | June 22, 2018

Hard as it may seem to believe given the noise surrounding the issue, methane emissions from U.S. natural gas production actually fell 14 percent between 1990 and 2016. This, despite the fact that during the same period natural gas production rose by more than 50 percent, according to the American Petroleum Institute.

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Oil Boom Boosts New Mexico Economy

Oil boom boosts New Mexico revenues - New Mexico Oil & Gas Association

shutterstock_308120906(1).jpgDan Boyd | Albuquerque Journal | June 12, 2018

SANTA FE – New Mexico’s coffers are suddenly bulging after several cash-lean years, due primarily to a sustained surge in the production and price of oil – which some lawmakers have taken to calling black gold.

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New Mexico's Economic Growth Tied To Oil & Gas

New Mexicos economic growth tied to oil, gas - New Mexico Oil & Gas Association

Screen_Shot_2018-06-13_at_10.45.24_AM.pngAndrew Oxford | Santa Fe New Mexican | June 12, 2018

New Mexico’s latest oil and gas boom is buoying the state’s finances a year after lawmakers scrambled to balance the budget.

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ExxonMobil Announces Greenhouse Gas Reduction Measures

ExxonMobil Announces Greenhouse Gas Reduction Measures - New Mexico Oil & Gas Association

ExxonMobil Corporation | May 23, 2018

IRVING, Texas – ExxonMobil today announced greenhouse gas reduction measures that are expected to lead to significant improvements in emissions performance by 2020, including a 15 percent decrease in methane emissions and a 25 percent reduction in flaring. The company also announced its intention to improve its industry-leading energy efficiency in refining and chemical manufacturing facilities.

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Viewpoint: Why I'm betting on NM's oil sector

Viewpoint: Why I'm betting on NM's oil sector - New Mexico Oil & Gas Association

shutterstock_1082615222.jpgDan K. Eberhart | Albuquerque Business First | May 29, 2018

When the stampede for acreage in the Delaware Basin began in 2016, many across southern New Mexico had already given up on the state’s oil patch and left for jobs elsewhere. Despite a steady recovery, the previous two years of free-falling prices clearly took a toll on the local economy.

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NM Senators Honored for Conservation Efforts

NM Senators Honored for Conservation Efforts | New Mexico Oil & Gas Association

Rick Nathanson | Albuquerque Journal | May 29, 2018

ALBUQUERQUE, N.M. — Sens. Tom Udall and Martin Heinrich of New Mexico recalled a daylong horseback ride into the Sabinoso Wilderness last year with U.S. Interior Secretary Ryan Zinke that ultimately got Zinke to retreat from his marching orders to shrink national wilderness and monument acreage.

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