New Mexico Oil & Gas Drilling Rigs At An All-Time High As Permian Boom Continues

New Mexico Oil and Gas Association | July 24, 2018

SANTA FE, NEW MEXICO – Active oil and gas drilling rigs in New Mexico are at an all-time high of 103 rigs, according to the latest Baker Hughes inventory of rigs in the United States and Canada. New Mexico had previously reached the 103 mark twice, in October and December 2014, beating the previous top count of 101 achieved throughout 2006. New Mexico’s rig count now ranks third among states, following only Texas and Oklahoma.

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Small Towns Are Booming, Thanks to Rising Oil Prices

shutterstock_559271578.jpgRebecca Elliot and Harriet Torry | Wall Street Journal | June 28, 2018 

HOBBS, N.M.— Oil is booming again in the Permian Basin, and so are the fortunes of this sun-bleached town.

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NM could play key role in Interior revamp

Michael Coleman | Journal Washington Bureau | July 8, 2018

A plan to dramatically reorganize the U.S. Department of the Interior and shift some of its management out of Washington – possibly even to Albuquerque – is moving ahead under Secretary Ryan Zinke, but New Mexico’s senior U.S. senator wants more information before any federal money is spent.

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ACTIVISTS TARGET NEW MEXICO OFFICIALS IN BRUTAL FIGHT OVER A MUNDANE FRACKING RULE

Chris White | Energy Reporter | July 7, 2018

Environmentalists in a small New Mexico county are ratcheting up the rhetoric against local fracking ordinances as government officials fear the fight is taking on new and terrifying dimensions.

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Fighting poverty starts with supporting energy

shutterstock_156828218.jpgEmily Haggstrom | Albuquerque Journal | July 2, 2018

New Mexico now ranks last nationally in child well-being, per an analysis from New Mexico Voices for Children.

Federal data also shows New Mexico is challenged in areas of income and job growth, child development and income disparity, leaving many without the opportunities most Americans enjoy.

That’s because families here often have tough choices to make.

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Gas production up; emissions down

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

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

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 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

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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