Skip to comments.Hitting the brakes
Posted on 04/08/2020 7:05:59 PM PDT by brownwill6767
New Mexicos oil and gas industry is teetering on a near-shutdown, slammed by plunging demand for oil and an unprecedented global market glut thats slashed prices to 20-year lows.
New drilling in the Permian Basin in southeastern New Mexico is screeching to a halt, and many producers are starting to shut in existing wells to await better times. That, in turn, foreshadows a double whammy on the state budget, as government revenue tumbles from plummeting oil prices and forthcoming production declines.
(Excerpt) Read more at abqjournal.com ...
Heh. Yes. Even the aliens wont crash land here.
BTW, except for the Las Cruces area, most all the covid-19 cases are in the ABQ/SF area and in northwest NM, likely among the Navajos.
NM list PING!
I may not PING for all New Mexico articles. To see New Mexico articles by topic click here: New Mexico Topics
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