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HomeNew Mexico

New Mexico

Exploration and Production

Oil producer Sabinal Energy divvying up Permian assets for possible sale

June 11, 2022 Stu Turley

Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up its assets for a sale of the company that could fetch more than $1 billion, according to people with knowledge of the situation. […]

New Mexico
Climate Crisis

A New GOP Climate Plan Is Long on Fossil Fuels, Short on Specifics

June 9, 2022 Mariel Alumit

Republican members of Congress chose to hold the first public event for their new climate plan in the country’s No. 1 oil-producing county, in New Mexico, and before an audience of people who work in […]

New Mexico
Top News

New Mexico budget surplus sees boost from oil and gas

May 26, 2022 Mariel Alumit

(The Center Square) – Recent projections show New Mexico’s budget surplus is $440 million more a December projection thanks mostly to oil and gas production, according to economists. Gross receipts tax collection was also running $248 […]

US Carbon markets to expand next year - Energy News Beat
Carbon Capture

Carbon capture will require massive pipeline construction

February 10, 2022 Mariel Alumit

The inherent dangers of capturing and transporting carbon dioxide for industrial operations exploded into the public domain two years ago when a CO2 pipeline suddenly ruptured in the tiny Mississippi town of Satartia. The pipeline […]

Energy crisis could threaten global economic recovery, says IEA
Exploration and Production

U.S. oil and gas M&A activity in third quarter pulls back from 2-yr peak

November 15, 2021 Stu Turley

Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools […]

New Mexico - Steve Pearce - ENB
Political

Europe’s green crisis a red flag for New Mexico

November 7, 2021 Stu Turley

While Gov. Lujan Grisham is in Scotland touting the need to address climate change, President Biden, at the recent G-20, pleaded with other nations to increase their oil production to lower the price of gasoline. Maybe […]

Crude Oil News

New Mexico Posts Oil-Output Record as Permian Basin Bounces Back

July 30, 2021 Stu Turley

New Mexico’s oil production surged to a record in May, lifting output to the second-highest in the nation and highlighting the Permian Basin’s role in leading the shale industry’s rebound from the pandemic. The southwestern […]

abandoned oil wells -EnergyNewsBeat
Crude Oil News

U.S. House bill to clean up abandoned oil and gas wells passed by committee

May 29, 2021 Stu Turley

A bill that could unlock federal funds to help clean up abandoned oil and gas wells while also raising bonding rates energy companies pay to fund such efforts passed a Congressional committee this week after […]

Crude Oil News

State says proposed rules combatting ozone will make for cleaner air. No wells exempt in new draft.

May 10, 2021 Andy Del Prado

New Mexico’s air will be cleaner and free of more ozone — equivalent to taking 8 million cars off the road, according to some estimates — if new requirements from the state’s Environment Department go into effect […]

Tanks - EnergyNewsBeat
Political

BLM cancels oil and gas leases for second quarter of 2021. New Mexico could lose millions

April 28, 2021 Stu Turley

Without sales of New Mexico federal land to the oil and gas industry, the state could lose out on millions of dollars in revenue every year. The Bureau of Land Management, a sub-agency of the […]

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