Over the course of the last two weeks, oil prices have hit above $80 a barrel, a far cry from the negative territory where oil was selling nearly a year and a half ago. The seven year high is being driven by a resurgence in demand around the world as economies recover from COVID-19 restrictions and shutdowns and OPEC keeping …

SANTA FE (AP) — State economists on Wednesday revised forecasts upward for state government income amid surging oil and natural gas production in New Mexico, giving lawmakers greater leeway as they begin crafting a general fund spending plan for the coming fiscal year. The fiscal forecasts, announced at a legislative committee hearing in the mountain resort community of Red River, …

As New Mexico became the nation’s third highest oil producing state last year, Lea County slipped into the No. 3 slot among counties, according to research performed by Lea County Assistant County Manager Corey Needham. “We are still trailing Weld (County), Colo., and McKenzie County, N.D., in production but have significantly more rigs currently drilling than they do,” Needham said in …