Once again, New Mexico has reported record revenues stemming from oil and gas production, with the state predicting it will raise nearly $3 billion in FY24 from the industry alone, up 4.6 percent from FY23 estimates: “The state’s historic revenues have been growing at a record pace propped up by booming oil and gas…” However,
Read More...The oil and gas industry continues to deliver record-breaking revenue for New Mexico and will reach unprecedented levels in Fiscal Year 25. The Albuquerque Journal details this record revenue: “Fueled by an incredible oil and gas boom and strong consumer spending, New Mexico’s financial reserves reached about 52 percent of ongoing state spending this summer
Read More...The Biden administration held its first onshore oil and gas lease sale of the year in May, nearly a year after the last auction and eight months after provisions within the Inflation Reduction Act mandated that sales continue. Total 2023 onshore lease sales are significantly curtailed from years prior, and with no finalized 2023-2028 Proposed
Read More...New Mexico FFA Does Energy and Ag with Help from Coterra Bill desRosiers External Affairs Coordinator, Coterra Energy … … [Editor’s Note: Coterra Energy recently helped the New Mexico FFA put on a state convention that emphasized both agriculture and energy, a very worthy combination of themes.] Coterra is dedicated to supporting agriculture and
Read More...AI Is Revolutionizing An Already Hi-Tech Oil & Gas Industry Fayth Franzoy Gillespie Principal, Tactica Strategies .… … [Editor’s Note: Artificial intelligence or “AI” may need to be controlled but it has a very practical side as we see with the way it is being used by the oil and gas industry.] “It’s not
Read More...Biden Is the Man with No Plan As Refineries Close Ronald Stein Ambassador for Energy & Infrastructure, Irvine, California .. .… … [Editor’s Note: Joe Biden is the anti-leader, the scarecrow with no voice, plan or understanding, propped up by special interests as supposed President as we self-destruct.] President Joe Biden continues his pursuit of
Read More...The domestic oil and natural gas industry provides the United States and our allies with essential American energy to fuel everyday needs. But as EID has covered in the past, the industry provides more than just clean and reliable energy – it also propels states’ economies forward by funding services like education, transportation, and workforce
Read More...Natural Gas Now Best Picks – February 4, 2023 Tom Shepstone Shepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. This week; roughneck talents, a cold January, yet another dead whale, sulfur seeding ESG and a
Read More...The oil and natural gas industry continues to propel New Mexico’s strong economy, driving record revenue for fiscal year 2023. The New Mexico Legislative Finance Committee (LFC) recently released its budget recommendations for fiscal year 2024, showing the tremendous recovery the oil and natural gas industry has had since the pandemic and New Mexico’s long-term
Read More...As consumers continue to face high gasoline and utility bills, the Biden administration refuses to use the most readily available resource in the country – the federal lands leasing process – to help bring down prices. Simply put, Americans are feeling pain at the pump in part because of an administration that continues to slow
Read More...New Mexico Thrives As Oil Production Booms in the Permian Bill desRosiers External Affairs Coordinator, Coterra Energy Host, Shale Gas News … … The Permian Basin has made New Mexico the nation’s second largest oil producer and Coterra’s Bill desRosiers reports on the remarkable growth and success. The annual Carlsbad Mayor’s Energy Summit, held October
Read More...Coterra Pulls Together the Anadarko, Marcellus and Permian! tural Gas and Help from the Industry gas news Bill desRosiers External Affairs Coordinator, Coterra Energy Host, Shale Gas News … … [Editor’s Note: Coterra Energy pulled together industry folks from the Anadarko, Marcellus and Permian region for an “Energy Education Summit” in Northeast Pennsylvania.] Since the
Read More...It has been a year to the day since a federal judge issued an injunction against the ban on oil and natural gas leasing on federal lands and ordered the Department of Interior to resume holding lease sales, and yet, no onshore lease sales have taken place. In fact, the department postponed (again) sales that
Read More...Oil and natural gas is contributing in a big way to help New Mexicans improve education and other public services for its residents. As ABC News recently reported: “Government budgets are booming in New Mexico: Teacher salaries are up, residents can go to an in-state college tuition-free, moms will get medical care for a year
Read More...CEPP … …[Editor’s Note: The Clean Energy Performance Program or CEPP is yet another green energy hustle and will contribute little or nothing in the way of clean energy; just a con.] The Clean Energy Performance Program, or CEPP, would provide subsidy payments to electric utilities that increase their share of electricity generated from “clean” sources,
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