New Mexico oil production gushes to all-time record (#3 in nation)

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1989TransAm
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New Mexico oil production gushes to all-time record (#3 in nation)

Post by 1989TransAm » Tue Mar 13, 2018 3:20 pm

You would not see this under a dimoKKKRAT administration.

"New Mexico oil production is booming at levels never before seen in state history, pushing output last year to an all-time record of 171 million barrels, according to the latest statistics from the state Oil Conservation Division.
That’s more than double the 85 million barrels the state produced in 2011, when modern drilling technology began pumping new life into the aging Permian Basin in southeastern New Mexico and West Texas. Output last year climbed 17 percent over 2016, when the state produced 146 million barrels.
The boom reflects massive investments in the New Mexico side of Permian, where huge companies like ExxonMobil are sinking billions of dollars into new drilling and exploration, said New Mexico Oil and Gas Association Executive Director Ryan Flynn.
Many things are fueling today’s gushers. Foremost are hydraulic fracturing and horizontal drilling, which have opened up oil deposits trapped in the basin’s hard shale-rock formations, combined with particularly lucrative pools of hydrocarbons crammed into strategic locations in southeast New Mexico.
That includes the Delaware Basin, an oval-shaped rock formation within the Permian that protrudes from southwest Texas northward into Lea and Eddy counties. That area has become one of the country’s most prolific oil and gas zones, producing some of the highest returns for oil firms operating in the United States.
That’s made New Mexico the third-largest oil-producing state in the nation today, surpassed only by Texas and North Dakota. It’s also turned the Permian into one of the world’s premium growth basins, rivaling traditional producers in the Middle East and elsewhere."

https://www.abqjournal.com/1145074/17-n ... ecord.html

SupStk
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Re: New Mexico oil production gushes to all-time record (#3 in nation)

Post by SupStk » Wed Mar 14, 2018 3:29 am

Since its not power from the wind or sun its evil!
Don't you know removing and burning coal, oil and natural gas will upset mother earths natural balance? It will cause the earth to wobble on its axis and go spinning off into space until it gets drawn closer to the sun.
Thats the real reason for global warming!
:lol:
Monty Frerichs
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Fireonthemountain
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Re: New Mexico oil production gushes to all-time record (#3 in nation)

Post by Fireonthemountain » Wed Mar 14, 2018 3:23 pm

Sun and wind power, which is really the same thing is overly abundant in NM, as well. Search XCELL energy on what they have and planning. Living in Lea county NM for over 50 years, so I am very familiar with energy and its politics. The Democraps in northern NM want the oil taxes as well, because they live off those revenues in the rest of the state. Corruption is corruption and is universal and talking points are just that. Find out how we would up with all the nuclear waste in this region, from abandoned uranium mines, to nuclear weapons testing, to the WIPP, to nuclear recycling plants, to oil on the ground.

As far as oil production gushing look at Russia, as well who use to be number 1 in the world.

1989TransAm
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Re: New Mexico oil production gushes to all-time record (#3 in nation)

Post by 1989TransAm » Wed Mar 14, 2018 8:09 pm

I have a friend who lives in Hobbs. Also his son was a deputy Sheriff in Lea County for 5 years.

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