New Mexico is home to part of the Permian play, the star of the shale industry and the place where oil production is growing at the fastest pace in the country. It is also the state whose new governor has one of the most ambitious […]
Category: News
Updates on the oil and gas industry for New Mexico.
STUDY: $64 BILLION GENERATED FOR NM BY EXXONMOBIL INVESTMENT IN PERMIAN BASIN
ExxonMobil’s development of assets in the Permian Basin is estimated to provide $64 billion benefiting New Mexico over the next four decades, according to a report released by the company Friday. The company said its investment in the Permian will represent $55 billion in capital expenditures […]
OIL AND GAS INDUSTRY PREDICTS BILLIONS IN INVESTMENTS IN NEW MEXICO THROUGH 2030
Solutions to the Permian Basin’s pipeline bottleneck problem could grow in the next decade as the oil and gas industry is expected to invest almost $200 billion in new infrastructure. By 2030, the industry in New Mexico was predicted to attract up to $174 billion […]
Report: Oil Boom to Continue, More Infrastructure Needed
New Mexico‘s oil and gas industry is expected to keep growing at a record pace, resulting in more revenue for the state and billions of dollars in new infrastructure investments to get the commodities to market. Analysts estimate it will take $174 billion of new […]
New Mexico Field Production of Crude Oil
View historic New Mexico production of Crude Oil