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HomeNew Mexico

New Mexico

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 […]

New Mexico Oil Rigs - Energy News Beat
Industry Insights

New Mexico debates impacts to oil and gas as Biden rolls out $2 trillion spending package

April 11, 2021 Stu Turley

President Joe Biden’s attempts to mitigate climate change continued to see mixed reviews from New Mexico leaders as the President sought to reduce pollution by slowing fossil fuel production – a major driver of the […]

Fossil

Why Conversations About Energy Are Not Simple

March 15, 2021 Mariel Alumit

New Mexico has always been a large oil and gas producing state, however in recent years it has also added large amount of wind and solar to the energy production portfolio.  The mix of energy […]

Crude Oil News

Devon All In on Permian Delaware, with Most Capital, Rigs Set for New Mexico, Texas

February 24, 2021 Stu Turley

The Permian Basin will be the go-to target for Devon Energy Corp. this year, with 80% of this year’s capital budget and nearly all of the rigs directed to the massive formation. The Oklahoma City-based […]

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