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.