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 ...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 ...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 ...OPEC, Russia tentatively agree to production cuts
OPEC and Russia, however, want the U.S. to impose state-mandated cuts, rather than let the free market force producers to scale back operations through low prices. And even if a deal is reached, it may do little to raise oil prices, since consumption is now hovering at 50-year lows, and with the ...
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 ...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 ...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 ...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 ...This Oil Stock Is 'At Last Ready to Make Big Gains'
Source: Clive Maund for Streetwise Reports (4/23/18) Contributed Opintion: Technical analyst Clive Maund charts an oil company that has announced it will sell off one of its assets. Torchlight Energy Resources Inc. (TRCH:NASDAQ) has been a boring and frustrating investment for shareholders ...NES Global Talent Expands Recruitment Presence to Midland, Texas
NES Global Talent Expands Recruitment Presence to Midland, Texas New location places NES at the center of Permian Basin Employment Activity March 22, 2018 (HOUSTON) - With over 40 years of serving the oil and gas market, NES Global Talent is pleased to announce the expansion of its speciali ...Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring
Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...ExxonMobil Continues to Increase Acreage Position in Permian Basin
IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil Corporation (NYSE:XOM) today announced it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, th ...Dr. Daniel Fine is a nice addition | Roswell Daily Record
The recent article by Dr. Daniel Fine in the guest column of your Wednesday edition concerning the impacts of Saudi Arabian-led dismantlement of our lively domestic energy business via flooding the market with underpriced foreign crude from numerous Middle Eastern national oil companies along with ...NES Sure Flow expand in to Midland, USA
Celebrating 25 years of serving the Oil & Gas industry, NES Sure Flow is pleased to announce a new investment in opening an office in Midland, Texas. This development follows closely behind recent indications from many of our clients who are increasingly more confident in their outlooks for 2017/18, ...Energy Hunter Resources Agrees To Acquire Midland Basin Properties
Energy Hunter Resources, Inc., an exploration and production company with a balanced portfolio of oil and natural gas properties headquartered in Dallas, Texas, announced today that it has agreed to acquire an undivided ownership interest in certain oil producing properties located in Reagan County ...
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