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The continued use of public land for oil and gas production in New Mexico threatened to worsen pollution and block other uses like recreation, argued environmental groups in comments submitted to ...
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
By any standard, in the past decade oil production in New Mexico has attained world-class stature. In 2023, New Mexico was producing about 1.8 million barrels per day (657 million barrels that ...
About $13.9 billion state revenue came from oil and gas, according to an industry report, as state leaders called for increased spending.
Oil and gas production in New Mexico, 2010–2021 A New Mexico oil field, left, with crop circles on right, taken from the ISS in 2006. New Mexico is rich in fossil fuel and alternative energy resources. Major petroleum and natural gas deposits are located in the Permian Basin in southeast New Mexico and in the San Juan Basin in the northwest.
Oil and gas generated more than $15 billion in income for New Mexico in the last fiscal year, according to a state economic report presented to lawmakers during a recent meeting in Carlsbad ...
A windfall in government income from petroleum production is slowing down but far from over in New Mexico as the nation's No. 2 oil-producing state grapples with how much it can effectively spend ...
Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year, economists for the state announced Wednesday.