How many oil rigs are in New Mexico?
How many oil rigs are in New Mexico?
New Mexico ended 2020 with 65 active rigs and reached 93 rigs in December 2021, NMOGA said. New Mexico became the second largest oil producer in the country in 2021, producing more than one million barrels of oil a day.
Where are the oil fields in New Mexico?
Production is obtained principally from two areas: the Permian Basin of Lea, Eddy, Chaves, and Roosevelt Counties in southeastern New Mexico and the San Juan Basin of San Juan, Rio Arriba, Sandoval, and McKinley Counties in northwestern New Mexico.
Where are they fracking in New Mexico?
Areas of activity. Oil and natural gas production in New Mexico is concentrated in the San Juan Basin in northwestern New Mexico and the Permian Basin in southeastern New Mexico. Additionally, there was natural gas production in the Raton Basin in north-central New Mexico as of March 2017.
How many oil wells does New Mexico have?
New Mexico has 57,401 active oil and gas wells statewide. That’s fewer than the 64,858 inactive wells statewide. Of those inactive wells, 708 are orphaned.
Is there oil in NM?
New Mexico has been a major producer of oil and natural gas since hydrocarbons were first discovered in the state during the early 1920’s. In 2016, New Mexico produced 145 million barrels of oil, 1.27 trillion cubic feet of natural gas, and 97 billion cubic feet of naturally occurring carbon dioxide.
What oil companies are in NM?
New Mexico Oil & Gas Producers
| Producer Name | Location | Total Oil Produced |
|---|---|---|
| ABO EMPIRE, LLC | P.O. Box 900 Artesia, NM. 88211090 | 2.1K BBLs |
| ACOMA OIL CORP | P.O. Box 121369 Fort Worth, TX. 76121 | 27.5K BBLs |
| ACTION OIL CO INC | P.O. BOX 51 Farmington, NM. 87499 | 110K BBLs |
| ADDINGTON, LLC | 1405 S Adams Artesia, NM. 88210 | 755 BBLs |
Is there oil in New Mexico?
In 2021, New Mexico became the nation’s second-largest crude oil-producing state, after Texas, when it surpassed North Dakota. The state accounted for more than 11% of total U.S. crude oil production.
Is fracking banned in New Mexico?
Fracking ban reintroduced in New Mexico Legislature for third year.
Where is the Permian Basin in New Mexico?
This sedimentary basin is located in western Texas and southeastern New Mexico. It reaches from just south of Lubbock, past Midland and Odessa, south nearly to the Rio Grande River in southern West Central Texas, and extending westward into the southeastern part of New Mexico.
What is New Mexico’s biggest industry?
As of 2019, government and related services was the largest industry, accounting for about 23% of the GDP, which was 1.7% lower compared to the decade before. Finance, insurance, real estate, leasing, and rental jointly account for about 17%.
Which state does not have any fracking going on?
Fracking happens across much of the U.S., in states such as North Dakota, Arkansas, Texas, California, Colorado, New Mexico and Pennsylvania. One state, Vermont, recently banned the practice, though it doesn’t have an active well being drilled.
