NM OIL INDUSTRY BOOMING

 

AS NEW MEXICO LOSES MORE JOBS, THERE'S MORE EVIDENCE OF THE STATE'S OIL BOOM. THE GOVERNMENT SAYS, WITH THE EXCEPTION OF THE GULF REGION, NEW MEXICO IS AMONG THE TOP THREE CRUDE OIL PRODUCING STATES ON FEDERAL AND TRIBAL LAND. WALLY DRANGMEISTER WITH THE NEW MEXICO OIL AND GAS ASSOCIATION SAYS IT'S A TREND UNDERWAY FOR SEVERAL YEARS, WITH OIL GROWING IN THE PERMIAN BASIN REGION IN CARLSBAD, HOBBS, AND ARTESIA.

NEW MEXICO REMAINS ONE OF THE TOP NATURAL GAS PRODUCING STATES, EVEN THOUGH THE NUMBERS HAVE FALLEN IN RECENT YEARS DUE TO LOW PRICES.