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In 2023, New Mexico was producing about 1.8 million barrels per day (657 million barrels that year) of crude oil, 10 times more than it was producing in 2010, thanks to investments in new fracking ...
Extraction of the state's nearby Permian Basin oil reserves for transportation and other uses rose to the nation's third highest, contributing 6% of total U.S. production in 2018. [3] New Mexico's oil extraction included the flaring of over 35 billion cubic feet of associated petroleum gas in each of the years 2018 and 2019. [4]
Scorpion Oil and Gas says it bought 6,000 acres in southeast New Mexico oilfields and would double its oil and gas production ... its first entry into the Permian Basin in Lea County, looking to ...
Xcel Energy could double power capacity in New Mexico by 2030 amid growth in oil and gas ... as Eddy and Lea counties in southeast New Mexico saw the highest population increases in the state at ...
Jal is a small city located in Lea County, New Mexico, United States. It is New Mexico's south-easternmost city, and shares a border with Texas to the east and south. The population was 2,047 at the 2010 census. [4] Jal is historically important in the natural gas industry, from the early 1900s to the present day. [5]
Lea County is located in the southeast corner of New Mexico and borders Texas to the south and east. The Permian Basin, 250 mi (400 km) wide and 350 mi (560 km) long, underlies Lea County and adjacent Eddy County, as well as a large portion of West Texas. It produces 500,000 barrels of crude a day, and this number was expected to double in 2019.
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The sale offered 760 acres in Eddy County, 480 in Lea County and 359 acres in Chaves County. The BLM initially proposed to lease 18 parcels in New Mexico but removed seven after further analysis ...