About 100 miles east of UFO-capital Roswell, a dusty corner of New Mexico with more cattle than people is quietly buttressing the US’s world oil dominance.
After pumping less crude in the years leading up to the pandemic than top counties in neighboring Texas, New Mexico’s Lea County has been rapidly gaining ground. Output there has expanded faster than in any other US county, last year becoming the first to ever produce more than 1 million barrels per day, according to energy research firm Enverus. Neighboring Eddy County will hit the million-barrel-a-day milestone by September next year, predicts energy analytics firm Novi Labs.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66d3b2b8a7844bfcbb627af1d1d2bf68&url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-08-26%2Fnew-mexico-oil-production-supports-us-dominance&c=2888731615241124875&mkt=en-us
Author :
Publish date : 2024-08-25 23:31:00
Copyright for syndicated content belongs to the linked Source.