A report by Rystad Energy, an independent research and business intelligence company based in Norway claims the Permian Basin is now pumping more oil than every country in the world with the exceptions of Saudi Arabia and Russia. The Odessa American reported Rystand contends the Permian Basin will boom to 5.6 million bpd by …
June 5, 2022 archive
Oil and gas leases in New Mexico could be reversed
A federal court ruling might result in the reconsideration of the rental of New Mexico public land to oil and gas producers. The Carlsbad Current-Argus reports the rentals in some cases date back to 2016. Click here for Current-Argus
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