Quiz Time: How Well Do You Know This State's Oil & Gas Industry?

shutterstock_559271578.jpgT. Greg Merrion | Farmington Daily Times | February 25, 2018

1. The largest oil & gas operator in the San Juan Basin is…

a. ConocoPhillips

b. Dugan Production

c. Hilcorp

d. BP

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Analysis: U.S. Has Already Met 2025 GHG Reduction Target Thanks To Natural Gas

shutterstock_588140186.jpgSeth Whitehead | Energy in Depth | February 26, 2018

A new analysis by researchers from Carnegie Mellon University (CMU) finds that the United States has already met the Clean Power Plan’s (CPP) 2025 carbon emission reduction targets “primarily due to natural gas prices and market forces,” according to co-author and CMU professor Paul Fischbeck.

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Oil And Gas Operators Push For Use Of Recycled Water

shutterstock_588846938.jpgMella McEwen & Trevor Hawes | Midland Reporter-Telegram | February 21, 2018

Millions of gallons of water are needed to produce oil and gas, and in the water-challenged Permian Basin, that can mean problems with balancing the demands of the public, agriculture and the energy industry.

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Industry Innovation Drives U.S. Energy Renaissance

shutterstock_396672238.jpgMark Green | Energy Tomorrow | February 7, 2018

The broad, impactful outlines of the U.S. energy renaissance in a couple of recent data points:

- In November, U.S. crude oil production reached 10.038 million barrels per day – a level not seen in 50 years – largely with advanced hydraulic fracturing unlocking oil from tight-rock formations.

- The United States is projected to be a net exporter of energy by 2022 in most scenarios studied by the U.S. Energy Information Administration. Strong domestic production will play a major role, EIA says.

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OXY transloading facility opens in Carlsbad, marks regional expansion

oxy_4x4-01.pngAdrian C. Hedden | Carlsbad Current-Argus | February 22, 2018 

A multinational oil and gas company is the latest to expand in the Permian Basin region, opening a frac sand transloading facility just about 15 miles south of Carlsbad.

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$30M for Carlsbad really is a win

carslbad_4x4-01.pngJessica Onsurez | Carlsbad Current-Argus | Feb. 17, 2018

While the Santa Fe New Mexican and "others" are left scratching their heads, those in southeast New Mexico are left shaking ours.

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Executive Director Ryan Flynn on KKOB

shutterstock_498395695.jpgNew Mexico Oil and Gas Association Executive Director Ryan Flynn gave an interview on 770 KKOB. Listen to his full interview here. 

 

 

 

 

 

 

 

 

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U.S. Oil Production Tops 10 Million Barrels A Day for First Time Since 1970

U.S. oil production surpassed 10 million barrels a day in November for the first time in nearly 50 years, a milestone that underscores the growing dominance of the U.S. oil industry.

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Oil and Natural Gas Pump $1.742 Billion Into New Mexico’s Budget, Schools

school_NMOGASANTA FE, NM – A new report by the nonpartisan New Mexico Tax Research Institute reveals that New Mexico’s General Fund and public schools benefitted from $1.743 billion in oil and natural gas taxes and revenues in the previous fiscal year. The figures include $711 million in funding for public schools, and nearly $223 million for the state’s universities, colleges, and other higher education institutions.

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ExxonMobil to Triple Permian Production by 2025, Expand Transportation Infrastructure

exxonmobil_logo.pngExxon Mobil | January 30, 2018

- Company plans to invest more than $2 billion in terminal and transportation expansion

- Investments supported by changes to U.S. corporate tax rate

- Downstream and Chemical expansions progressing due to increased low-cost supply

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