Skip to comments.New Mexico oil production gushes to all-time record (#3 in nation)
Posted on 03/13/2018 10:36:42 AM PDT by CedarDave
New Mexico oil production is booming at levels never before seen in state history, pushing output last year to an all-time record of 171 million barrels, according to the latest statistics from the state Oil Conservation Division.
Thats more than double the 85 million barrels the state produced in 2011, when modern drilling technology began pumping new life into the aging Permian Basin in southeastern New Mexico and West Texas. Output last year climbed 17 percent over 2016, when the state produced 146 million barrels.
The boom reflects massive investments in the New Mexico side of Permian, where huge companies like ExxonMobil are sinking billions of dollars into new drilling and exploration, said New Mexico Oil and Gas Association Executive Director Ryan Flynn.
Many things are fueling todays gushers. Foremost are hydraulic fracturing and horizontal drilling, which have opened up oil deposits trapped in the basins hard shale-rock formations, combined with particularly lucrative pools of hydrocarbons crammed into strategic locations in southeast New Mexico.
That includes the Delaware Basin, an oval-shaped rock formation within the Permian that protrudes from southwest Texas northward into Lea and Eddy counties. That area has become one of the countrys most prolific oil and gas zones, producing some of the highest returns for oil firms operating in the United States.
Thats made New Mexico the third-largest oil-producing state in the nation today, surpassed only by Texas and North Dakota. Its also turned the Permian into one of the worlds premium growth basins, rivaling traditional producers in the Middle East and elsewhere.
(Excerpt) Read more at abqjournal.com ...
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OMG! Global Warming! OMG!
I was curious how this compares to Niagara Falls so I Googled and calculated.
Average annual flow rate at the Horseshoe Falls is 85,000 cubic feet per second which is equivalent to 41.6 million barrels per hour.
Cool place !!!
A “Criminal” Lawyer!
Why do you think they call it NEW Mexico?
You would not see this under a dimoKKKRAT administration.
Thanks for the good news ping.
Is there... another kind?
That is a fact. Our legislature is the best at cutting off their nose to spite their face. They are none too friendly to agriculture, or most businesses and that doesn’t make sense either.
New Mexico suffers the same ills as
California. The major metropolitan
areas controlled by left wing lunatics,
where the smaller towns mostly in the
southern half are pretty strong
conservative. Lots of ranchers with
guns. Below I-40 is a lot of wide
It's a zoo down there just west of Jal. I was there on a job about two months ago and there are drilling rigs everywhere. Sort of like those old pictures of drill rigs in Texas but with modern equipment. Infrastructure is minimal at best as the pavement on the main road south from NM 128 ends at "pipeline road." That road is unimproved, one lane and contains deep ruts. It is crowded with all manner of heavy equipment and you must pull to the right in sand when passing. Max speed is about 15 mph so it takes a half hour to travel to the location I was on, bouncing all the way. If you have ever watched "Ice Road Truckers" the road conditions are much like those traveled but of course without the snow but with heavy equipment meets every quarter mile. Because there are not yet buried lines, there are black poly pipe "fast lines" scattered across the landscape that carry crude or salt water.
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That’s really interesting and it’s impressive how they cope with the conditions.
I wonder who was wise enough to keep the cost of the mineral leases lower than Texas.
Thanks for sharing.
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