A TALE OF TWO BASINS. THAT'S HOW THE STATE'S ENERGY PRODUCTION IS BEING DESCRIBED AS WE END 2013. WALLY DRANGMEISTER WITH THE NEW MEXICO OIL AND GAS ASSOCIATION SAYS OIL OUTPUT IN THE PERMIAN BASIN IN THE SOUTHEAST IS GOING GANGBUSTERS…WHILE IN THE SAN JUAN BASIN IN THE NORTHWEST, NATURAL GAS PRODUCTION IS WAY DOWN DUE TO LOW PRICES.
IN A NEW REPORT, THE U.S. ENERGY DEPARTMENT SAYS THE NATION'S ENERGY PICTURE IS IMPROVING, WITH PRODUCTION GOING UP, AND CONSUMPTION GOING DOWN.
