Significant Surplus in NM Treasury Thanks To Rising Price of Oil
Blogger Joe Monahan is predicting significant surpluses in the New Mexico treasury, thanks to oil prices going back up again, and the hard work of…
Category: Business
Biden’s ban on oil production blocked by Lousiana judge
Some good news for the oil and gas industry – the Biden administration’s suspension of new oil and gas leases on federal land was blocked…
Carlsbad’s Mayor responds to States support of a ban on oil and gas leases
We wish to add some additional commentary regarding an article from the weekend asking how local officials feel about Santa Fe County’s support of a…
U.S. Rig Count on the Rise
This week’s Baker Hughes rig count shows that U.S. had an increase of 2 over last week, resulting in a total count of 457 rigs. Canada had…
Devon Energy Celebrates 50 Years of Success
Devon Energy Corp. (NYSE: DVN) is celebrating its ‘golden’ anniversary this month after 50 years of success in the oil and gas industry. Founded by John and Larry Nichols…
WIPP permit modification hearing
A hearing is going on all week that is very important to the future of the Waste Isolation Pilot Plant. WIPP is seeking a permit…
Cyberattack on pipeline system creates gas shortage
On Friday, Colonial Pipeline, which transports refined petroleum products (gasoline, jet fuel, etc.) from Texas to New Jersey, halted operations because of a cyberattack on…
ConocoPhillips merger keeps jobs in Eddy County
On Tuesday, we had a great online discussion with Josh Viets, the Vice President of the Delaware Basin with ConocoPhillips, as well as other employees…
Permian Basin accounts for more than half of the current U.S. oil rig count
“According to Oilprice.com, the U.S. Rig Count for last week stood at 337 oil rigs and 93 gas rigs. Of that count, the Permian Basin…
NM breaks oil and gas production records in 2020
Oil and gas production in New Mexico set another record for 2020 even as COVID-19 decimated fuel demands and the market struggled. Data from the…
Recent Posts
