New Mexico Energy News

12.09.17

Oil and gas lease sale nets $30M for New Mexico

A Bureau of Land Management lease sale of more than 2,100 acres in New Mexico's Eddy and Lea counties drew more than $30 million worth of bids. The sale also set a new record for the highest bid per acre at $40,001.

 

12.08.17

Drilling rig count rises to kick off December

West Texas' Permian Basin now accounts for 400 rigs, which is more than half of all the nation's oil rigs. The next most active area is Oklahoma's Cana-Woodford shale with 73 rigs...

 

12.07.17

Interior delays Obama-era regulation on methane emissions

The BLM rule comes as the oil and natural gas industry announced a voluntary partnership to reduce methane emissions at drilling sites nationwide.

 

12.05.17

Natural Gas, Oil Industry Launch Environmental Partnership to Accelerate Reductions in Methane, VOCs

"This groundbreaking partnership further demonstrates the industry's leadership and commitment to responsibly developing America's energy resources while reducing emissions"

 

11.30.17

EPA to hold biofuels quota steady in 2018

The rule will require refiners to mix 19.29 billion gallons of renewable fuels into the gasoline supply in 2018.

 

11.27.17

Natural Gas Looks Forward To The Winter Season And Drops

huge discoveries in the Marcellus and Utica shale regions of the US and warm temperatures during the winter of 2015/2016 caused the price to fall to the lowest level since 1998 at $1.6110 per MMBtu.

 

11.27.17

Biomass and waste fuels made up 2% of total U.S. electricity generation in 2016

Biomass and waste fuels generated 2% of US electricity in 2016 (natural gas 34%, coal 30%, nuclear 20%). What makes up biomass and waste fuel?

 

11.22.17

Exxon, oil giants team up to reduce methane emissions

ExxonMobil Corp. and seven other energy firms have teamed up to tackle natural gas sector greenhouse gas emissions.

 

11.15.17

Perry says renegotiating NAFTA needed because of U.S. energy bounty

Energy Secretary Rick Perry said it makes sense to renegotiate the North American Free Trade Agreement, in part because of the enormous new supply of U.S. oil and gas locked in once-inaccessible shale rocks.

 

11.14.17

US oil and gas 'resurgence' expected as global demand grows

Oil demand is forecast to keep rising until 2040, with natural gas growing by a sharp 40 percent. U.S. set to become the undisputed leader in crude and gas production.