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New Mexico hosts the nation's only long-term underground repository for waste from nuclear weapons research and production, the Waste Isolation Pilot Plant near Carlsbad. 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 ...
Hobbs is a city in Lea County, New Mexico, United States. Its population was 40,508 at the 2020 census , [ 4 ] increasing from 34,122 in 2010. Hobbs is the principal city of the Hobbs, New Mexico micropolitan statistical area , which includes all of Lea County.
Oil and gas generated more than $15 billion in income for New Mexico in the last fiscal year, according to a state economic report presented to lawmakers during a recent meeting in Carlsbad.
The Permian Basin is a large sedimentary basin in the southwestern part of the United States. It is the highest producing oil field in the United States, producing an average of 4.2 million barrels of crude oil per day in 2019. This sedimentary basin is located in western Texas and southeastern New Mexico.
Oilfield workers in the Permian ... Oil and gas added $16.1 billion to New Mexico Gross Domestic Product (GDP) in 2022, while fossil fuel workers made up 8.5 percent of the state’s workforce ...
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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