New Mexico


All posts for New Mexico

Oil bust could spur natural gas turnaround in San Juan Basin

If Merrion and key industry analysts are correct, there might be a silver lining in the oil crash caused by the coronavirus pandemic — it could end up helping northwestern New Mexico natural gas producers and even give a lift to state revenue in a time of crisis. The potential upside: The drop in ...

Will Fine


Posted 21 days agoLink > San Juan Basinnatural gasoil bust +36

MERCO Announces New Leadership with Brett A. Murray as COO/President

PHOENIX, May 27th, 2020/PRESS RELEASE/ MERCO LLC (Privately Held) today announced the company has completed their formal process and hired Brett A. Murray as new leadership as Chief Operating Officer and President.  "I have known Mr. Murray since 2013 when I purchased his personal holdings of ...


Posted 1 month agoPress > Permian BasinTexas Oil & GasNew Mexico +5

New Mexico watching as Texas considers limits on oil production

Laws governing oil production in New Mexico stem from the Oil and Gas Act of 1935, which, among many other things, suggests the state can impose statewide caps on oil production, as well as more explicitly allowing it to cap output at specific reservoirs or “pools” of oil to “prevent waste.” If p ...

Will Fine


Posted 2 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +54

Trump promises oil, gas industry assistance a day after WTI traded negative

Natural gas prices may increase Reducing oil production may have some positive impact on the San Juan Basin. Because the Permian Basin has been producing a surplus of natural gas, and there is no way to send all the natural gas to markets, the San Juan Basin natural gas prices have reached histor ...

Will Fine


Posted 2 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +27

Pandemic rocks Permian Basin as wells, rigs idled and workers laid off

It wasn't long ago that some of the largest oil companies in the world were flocking to Lea and Eddy counties to boost oil production, open regional offices and add high-paying jobs that attracted workers from across the country to cities like Carlsbad and Hobbs. The good ol' days are goneBefore ...

Will Fine


Posted 2 months agoLink > Farmington New MexicoGovernor of New MexicoNew Mexico +65

Hitting the brakes

Oil producers in New Mexico and elsewhere are hoping for some relief this week, because the Organization of Petroleum Exporting Countries, Russia and other oil-producing nations plan to meet Thursday to discuss potential, collective cutbacks in output to reduce world oversupply and lift prices. N ...

Will Fine


Posted 2 months agoLink > oil and gas newsOil Industry Newsoil news +35

Special lecture on the Oil Price War with Dr. Daniel Fine rescheduled for this Thursday 4/2

News Breaking Announcement from Dr. Fine--> My entire lecture is this upcoming THURSDAY APRIL 2 “ENERGY ELECTION 2020" has been moved to a Zoom conference instead from 10AM to 11:15AM ! To get on the ZOOM conference call -> 505 566 3702 and ask for Cecilia! or email cgunnell@4cornersed.com You ...

Will Fine


    US 02 Apr 2020


Posted 3 months agoEvent > durangoFarmington New Mexicocolorado +57

Special lecture on the Oil Price War with Dr. Daniel Fine

You are invited to a special lecture with premiere energy and geopolitical analyst Dr. Daniel Fine ! I will be lecturing on 1) Energy Election 2020: Second Term Trump or Alternative 2) U.S Energy Domination and Trump: Export or Else 3) Gas and Oil under the Alternative: Climate Control and Taxation ...

Will Fine


Farmington   NM   US 30 Mar 2020


Posted 3 months agoEvent > oil priceoil price collapseOil prices +57

Oil price plunge wallops New Mexico

BY KEVIN ROBINSON-AVILA / Albuquerque JOURNAL STAFF WRITER Published: Monday, March 9th, 2020 at 10:02pm Copyright © 2020 Albuquerque Journal New Mexico's oil boom could soon turn to bust after world prices for crude crashed on Monday. The price for U.S. benchmark West Texas Intermediate b ...

Will Fine


Posted 3 months agoOpinion > RussiaRussian marketOPEC +85

Major slowdown expected in U.S. shale oil production

Last in a five-part series: Behind the BoomThe shale-oil tsunami that has flooded New Mexico with a wave of petro dollars in recent years may be receding somewhat as U.S. production faces its first significant decline since the gushers began nearly eight years ago. Signs of trouble are showing up ...

Will Fine


Posted 6 months agoLink > Mancos ShaleColorado ShaleMarcellus Shale +51

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 1 year agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 1 year agoOpinion > OPECNon-OPECNOPEC +91

Arthur D. Little Analysis Finds Collaboration is Central to Unlocking Enormous Oil and Gas Potential of US Permian Basin

London, 17 October, 2018 – Arthur D. Little (ADL) today released analysis that highlights the vast potential of shale oil & gas extraction across the US Permian basin. Production in the area, which spans Texas and New Mexico, could reach 5.4 million barrels of oil equivalent (BOE) per day by 2023, ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Arthur D. LittleOilgas +7

Encana Announces Agreement to Sell its San Juan Assets

Encana Corporation (Encana) (TSX, NYSE: ECA), announced that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its San Juan assets, located in New Mexico for US$480 million to Denver-based DJR Energy, LLC. “This transaction is consistent with our strategy a ...

OilVoice Press - OilVoice


Posted 1 year agoPress > EnCanaSan Juan BasinUnited States +7

Fairfield Geotechnologies Embarks on Quail Ridge East Survey

From the northernmost Delaware Basin to the Northwest Shelf   HOUSTON, TEXAS 24 August 2018 — Fairfield Geotechnologies announces its newest multi-client project in Lea County, New Mexico.  Quail Ridge East is one of three ongoing surveys that extends Fairfield Geotechnologies' data portfolio i ...

OilVoice Press - OilVoice


Posted 1 year agoPress > TexasUnited StatesNew Mexico +5