New Mexico
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New Mexico’s Lujan Grisham pushes an ambitious pro-environment agenda for an industry whose receipts dominate the state budget.
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Crude oil output has more than doubled in New Mexico over the last 4 years, making it the No. 3 producer among US states, but a January change in state leadership to Democratic control has industry executives fearing tougher regulations are coming.
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At an initial production rate of almost 13 MMcf/D, BP’s new well has achieved the highest early-production level in 14 years for a well in the San Juan Basin of Colorado and New Mexico.
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