State Energy Secretary Says Oil Is Coming Back Strong
Megan Petersen | Daily Times | April 16, 2018
The cabinet secretary of the New Mexico Energy, Minerals and Natural Resources Department has told local oil and gas officials that things are continuing to look up for the industry — particularly in oil prices and production — in the aftermath of a regional recession.
Read moreThe U.S. Is A Net Natural Gas Exporter – Here's Why This Is A Big Deal
Energy Factor by ExxonMobil | April 12, 2018
Recent data compiled by the U.S. Energy Information Administration shows that last year the U.S. exported more natural gas than it imported. This is a significant milestone because the last time this happened, in 1957, Dwight Eisenhower was in the White House, cars had big tail fins, and the brand-new Frisbee was all the rage.
Read moreState revenue soars, led by surging oil production
Dan Boyd | Albuquerque Journal | April 11, 2018
SANTA FE – New Mexico revenue collections are continuing to soar after several cash-lean years, prompting Gov. Susana Martinez to assert on Wednesday that efforts to grow and diversify the state’s economy are paying off.
Read morePat Davis, Debbie O’Malley Fuel Hysteria at City Hall
Dowd Muska | Errors of Enchantment | April 4, 2018
Last night’s “town hall” on the unlikely possibility of oil-and-gas drilling within Bernalillo County and/or the City of Albuquerque went about as expected.
Read moreOil Production Flourishes in Delaware Basin, Supports City Projects
Adrian C. Hedden | Carlsbad Current-Argus | March 16, 2018
The oil business is booming throughout New Mexico, and local communities are eager to reap the benefits.
Read morePermian Driving US Crude Oil Production Growth
Keisha Bandz | Market Realist | March 28, 2018
The US Energy Information Administration (EIA) has forecasted that US crude oil production in 2018 will average 10.7 million barrels per day, the highest annual average since 1970, when crude oil production had averaged 9.6 million barrels per day. In 2019, the EIA forecasts crude oil production to average 11.3 million barrels per day.
Read moreNew Mexico sees record-setting year in oil production
Ron Davis | Albuquerque Business First | March 13, 2018
For the second consecutive year, New Mexico oil and gas has set a new record for oil production.
Read moreNew Mexico oil production gushes to all-time record
Kevin Robinson-Avila | Albuquerque Journal | March 12, 2018
New Mexico oil production is booming at levels never before seen in state history, pushing output last year to an all-time record of 171 million barrels, according to the latest statistics from the state Oil Conservation Division.
Read moreWhy US Oil Exports Are Booming and What It Means for Your Gas Prices
The US will become the top oil producer in the world as soon as this year according to a prediction from the International Energy Agency.
Read more2017 A Record-Breaking Year For New Mexico Oil Production
International Agency Predicts Permian Oil Output to Double by 2023