BILLINGS, Mont. (AP) — Payments to states in the U.S. West have plummeted for oil, natural gas and coal extracted from U.S. lands after low crude prices and the pandemic slowed drilling and mining in many areas in 2020, according to federal data. Nationwide, payments to states for drilling on public lands and in U.S. waters were down by $630 …

Three New Mexico cabinet secretaries in a live remote panel concluded the fourth EnergyPlex Conference last week with discussion of economic development, methane rules and legislative priorities. The Economic Development Corporation of Lea County sponsored and facilitated the conference that included both pre-recorded and live presentations. Economic Development Department Secretary Alicia Keyes credited the current coronavirus pandemic for giving special …

Three New Mexico cabinet secretaries in a live remote panel concluded the fourth EnergyPlex Conference last week with discussion of economic development, methane rules and legislative priorities. The Economic Development Corporation of Lea County sponsored and facilitated the conference that included both pre-recorded and live presentations. Economic Development Department Secretary Alicia Keyes credited the current coronavirus pandemic for giving special …

The New Mexico Oil and Gas Association (NMOGA) released a new report last week showing that New Mexico’s oil and natural gas industry supported 134,000 in-state jobs while adding $16.6 billion to New Mexico’s economy in 2018. According to the analysis, the industry accounted for 12% of statewide employment and 16% of the state’s economy. The report was prepared by …

More than two-thirds of New Mexican voters recognize the value of the oil and gas industry, according to a new poll released by the American Petroleum Institute (API). The poll was reported in a news release from the New Mexico Oil and Gas Association (NMOGA) citing nearly two-thirds of the state’s voters would be more likely to vote for candidates …

Google says it will no longer build custom artificial intelligence tools for speeding up oil and gas extraction, separating itself from cloud computing rivals Microsoft and Amazon. A statement from the company Tuesday followed a Greenpeace report that documents how the three tech giants are using AI and computing power to help oil companies find and access oil and gas …

CROSBY, Texas (AP) — President Donald Trump’s support for shifting more power to states took a back seat Wednesday to his affinity for oil and gas production as he aimed to make it harder for states to block pipelines and other energy projects due to environmental concerns. At the urging of business groups, Trump signed two executive orders designed to …

Exxon Mobil Corporation announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $12.6 billion, including proceeds associated with asset sales of $1.5 billion. During the quarter, the company distributed $3.5 billion in dividends to shareholders. Capital and exploration expenditures were $6.6 billion, …

No oil bust in sight for booming Permian Basin At least for the foreseeable future, the series of oilfield boom/bust cycles is over, according to an industry expert speaking in Hobbs to the New Mexico Association of Counties board of directors last week. Ryan Flynn, executive director of the New Mexico Oil and Gas Association, said oil and gas industry …

New Mexico delegates renew push to limit drilling ALBUQUERQUE, N.M. (AP) — Democratic members of New Mexico’s congressional delegation are renewing their pleas for federal land managers to limit oil and natural gas drilling in the northwestern corner of the state over concerns about archaeological and cultural sites that dot the region. U.S. Sens. Tom Udall and Martin Heinrich and …