New Mexico is currently the 3rd largest producer of oil in the United States. But student activists say it relies too much on money from oil. New Mexico was joined in a coalition of 31 states, she said, in demanding the funding and supportive members of Congress represented both political parties. New figures released by the New Mexico Oil and Gas Association show revenues, taxes and other fees related to the fossil fuel-producing sector reached a high of $2.2 billion for the 2018 fiscal year. Gas pipelines, LNG seen as safe haven for energy investors in Mexico Business News Americas 18:33 Brazil to remain crucial FPSO market Business News Americas 18:33 Gas demand has sharply recovered: GAIL The Times of India 18:33 The New Mexico BLM office generated $20 billion total, records show, with $18.9 billion coming from oil and gas – the most in the country. Pipelines extend for more than 25,000 miles – exceeding the combined mileage of the state’s railroads and highways. The New Mexico Oil & Gas Association (NMOGA) is a coalition of oil and natural gas companies, individuals, and stakeholders dedicated to promoting the safe and environmentally responsible development of oil and natural gas resources in New Mexico. Representing over 900 members, NMOGA works with elected officials, community leaders, industry experts, and the general public, to advocate … (Associated Press) ALSO: • Federal land managers in New Mexico continue issuing drilling permits despite a judge’s recent decision that they failed to consider the cumulative water use of wells in the region. Industry officials reported that New Mexico produced a record 250 million barrels of oil in 2018. New Mexico's top land manager has approved an emergency rule that would allow oil and gas companies that lease state trust land to temporarily stop producing without penalty for at least thirty days. More: Oil and gas struggles to recover from COVID-19 as rig counts drop in New Mexico “When it comes to oil and gas production, a lot of states are concerned,” Torres Small said. Our Lea County, NM oil and gas data includes all production values, operators, wells, drilling permits, well logs, and much more. Ten counties produce oil or natural gas, reported the New Mexico Oil and Gas Association. But New Mexico has another longstanding oil and gas-producing region up in its northwestern corner: The San Juan Basin. Overview for all oil and gas activity and production in Lea County, NM. Industry officials reported that New Mexico produced a record 250 million barrels of oil in 2018. Revenue from oil and gas makes up a third of New Mexico’s general fund. New Mexico's tuition-free college plan would be among the most progressive in the country. In 2016, the state produced 145 million barrels of oil and 1.27 trillion cubic feet of natural gas.


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