Its not pretty down here, said Raye Miller, president of oil company Regeneration Energy Corp. in Artesia. Probably the most activity were seeing now is from folks moving rigs out of the oil fields and into storage yards.
Although unemployment data is not yet available, State Rep. Larry Scott, R-Hobbs, said companies are slashing their payrolls.
Were seeing layoffs, salary reductions and equipment moving back to storage yards, said Scott, a longtime oilman and owner of Lynx Petroleum in Hobbs. I know of several companies that have announced substantial layoffs of 80 to 100 workers.
At least the leftists in NM are down with drilling unlike POTUS wannabe Cuomo in NYS.
posted on 04/08/2020 7:07:36 PM PDT
posted on 04/08/2020 7:08:57 PM PDT
by Jane Long
(Praise God, from whom ALL blessings flow.)
The biggest problem you have in New Mexico is that poltroon governor.
posted on 04/08/2020 7:16:20 PM PDT
Maybe a short term pain, but the Rats want to shut it down forever.
posted on 04/08/2020 7:21:16 PM PDT
Let me guess. The Dims in NM have already spent the money they were going to get from their gas and oil taxes.
posted on 04/08/2020 7:27:25 PM PDT
("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.")
It still seems to be blowing and going here in Texas. Everybody is working because they are deemed to be “essential.”
Back to putting up Billboards for Stuckey’s and “The Thing!”
posted on 04/08/2020 7:37:40 PM PDT
(eWFight all out to win OR get out now. .)
Land of enchantment ping.
posted on 04/08/2020 8:59:21 PM PDT
(Nobody needs a 10 round magazine. You need a 30 round magazine.)
To: brownwill6767; LegendHasIt; leapfrog0202; Santa Fe_Conservative; DesertDreamer; OneWingedShark; ...
New Mexico oil and gas revenues pay upwards of 35 percent of all state income. In January the economists were predicting a billion dollar surplus and the radical left-wing governor and all Dem legislature put their hatred of the industry aside to sign into law BIG increases in money for educators and other lib-favored causes. Shortly after the legislature went home and she signed the bills, the industry crashed and continues to do so. There are almost no other sources in NM for them to tap for income especially because many are shut down now.
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
To see NM articles by keyword, click here: New Mexico Keyword
To see the NM Message Page, click here: New Mexico Messages
(The NM list is available on my FR homepage for FR member use; its use in the News Forum should not be for trivial or inconsequential posts. Let me know if you wish to be added or removed from the list.)
(For ABQ Journal articles requiring a subscription, scroll down to the bottom of the page to view the article for free after answering a question or watching a short video commercial.)
posted on 04/09/2020 9:33:48 AM PDT
(Wash your hands like you just peeled a sack of green chile and need to take out your contact lenses.)
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