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Scorpion Oil and Gas says it bought 6,000 acres in southeast New Mexico oilfields and would double its oil and gas production after the deal was finalized. ... in Lea County, looking to profit ...
The auction, conducted Nov. 30 by the federal Bureau of Land Management, saw leases on about 553 acres in nine parcels sold to oil companies in New Mexico and Oklahoma
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 ...
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 2018. [3] New Mexico's oil extraction included the flaring of over 35 billion cubic feet of associated petroleum gas in each of the years 2018 and 2019. [ 4 ]
Top 5 oil-producing countries 1980–2022 World oil production This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Before 2023, oil and produced water spills increased steadily in New Mexico from about 4.8 million gallons in 2021 and 2020, read the report. There were 1,368 reported incidents in 2021 and 1,217 ...
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.
FieldPoint Petroleum Reports Initial Production of Well #3 in Lea County, New Mexico at 789 BOPD AUSTIN, Texas--(BUSINESS WIRE)-- FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided ...