SanJuanBasin


All posts for SanJuanBasin

Massive revenue shortfall in new state forecasts

The last time state economists released revenue forecasts, New Mexico had a massive oil boom with no end in sight. Those same economists released dire revenue projections on Wednesday, suggesting New Mexico could take in between $1.7 billion and $2.4 billion less than originally expected during t ...

Will Fine


Posted 5 months agoLink > Santa FeSANTAFENewMexico +58

San Juan Basin on verge of collapse

With natural gas prices plummeting alongside oil prices, industry leaders say producers in the San Juan Basin in northwestern New Mexico could soon be forced to shut thousands of wells. That translates into less than $1 per Mcf for producers on New Mexico's side of the basin, given the additional ...

Will Fine


Posted 6 months agoLink > SanJuanBasinNewMexicoAlbuquerque +1