Pioneer Natural Resources and other shale producers are having their high-flying wings clipped by investors concerned that the producers were spending far more than they were earning.
The EnergyPlex Conference, hosted by the Economic Development Corporation of Lea County, drew about 250 participants for the one-day event.
SANTA FE, N.M. (AP) – A nonprofit alliance of energy companies has spent $80,000 on a grant writer to help New Mexicos Transportation Department pursue federal grants. The statesLegislative Finance Committeeannounced in a newsletter Tuesday the support from thePermian Strategic Partnership.
Jason Burns started his third week as Eddy County Public Works Director and has developed a multi-step approach dealing with county road projects. Burns entered his new position with Eddy County June 3.
Eddy County officials said the intersection of New Mexico State Road 31 and United States Highway 285 is the weakest link in the countys extensive road network.
Tracee Bentley is the CEO of Permian Strategic Partnership, a collaboration between local communities and oil and gas companies operating in the Permian Basin.
For well over a year, the dominant conversation in the Permian Basin has been about how to move its surging crude and natural gas production to market.
The third annual New Mexico Energy-Plex Conference will be held June 25 at the Lea County Event Center. Hosted by the Economic Development Corporation of Lea County (EDCLC), the one-day conference includes talks and panel discussions involving executives from the various forms of energy found in the county.
IRVING, Texas ExxonMobil officials said that a new study commissioned by the multinational oil and gas corporation estimates its development of Permian Basin resources in New Mexico will generate $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding […]
Partnering with private industry could be the path to repairing the crumbling roads in rural southeast New Mexico, burdened by the oil and gas industry the same industry that generated about $2 billion in surplus funds for the State of New Mexico last year.
When talking about the Permians rise as one of the premier oil-producing regions in the world, former Secretary of Commence Don Evans said, We got the worlds attention. This is a historic and defining moment.”
HOBBS, N.M. (AP) Two New Mexico counties remain among the top oil-producing counties in the U.S., according to new federal numbers.
The Odessa City Council approved a number of infrastructure grants and a facade grant during their Tuesday night meeting as part of a program aimed at helping businesses downtown.
Economic growth in the Permian Basin, while driven by the regions oil and gas industry, is not limited to that sector.
The Permian Basin matters. This past week, representatives in the House offered their support for Americans most significant oil patch, overwhelmingly passing House Joint Resolution 82, which sets aside money for initiatives in areas significantly impacted by oil and gas production.
Tom Craddick’s bill that sets aside money for initiatives in areas significantly impacted by oil and gas production overwhelmingly passed the House on Thursday.
University of Texas Permian Basin President Sandra Woodley is working to obtain money from the Texas Legislature for campus renovations and enhancements. In lieu of that, Woodley will ask the UT System Board of Regents.
In a state known for its oil-based booms and busts, Jerry Morales is convinced Midland, Texas, the unofficial capital of the Permian Shale Basin, has a chance to break from the pattern.