NEW MEXICO SETS STATE OIL PRODUCTION RECORD

Tuesday, July 23, 2019

New Mexico produced nearly 246 million barrels of oil in 2018, up more than 40 percent from the previous year, setting a new record for oil production in the state.

New Mexico produced nearly 246 million barrels of oil in 2018, up more than 40 percent from the previous year, setting a new record for oil production in the state.

New Mexico’s 2018 production is nearly three times as much as the 86 million barrels produced in the state in 2012, according to the state’s Oil Conservation Division (OCD).

The increased production is made possible by the use of hydraulic fracturing, horizontal drilling, and other technological advances which allow energy companies to access previously untapped shale oil reserves in the Permian Basin, which underlies much of New Mexico and West Texas, OCD reports.

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