Thursday, September 10, 2026
U.S. Interior Secretary David Bernhardt has agreed to put off oil and gas leasing for a year on land that Native Americans consider sacred surrounding Chaco Culture National Historical Park in northwestern New Mexico. wo New Mexico counties remain among the top oil-producing counties in the U.S., according to new federal numbers.Data from the U.S. Energy Information Administration shows that Lea County was the No. 2 oil-producing county in January behind North Dakota’s McKenzie County - Oil & Gas 360

New Mexico Lease Revenues Break Record

From Ruidoso News/USA Today Lease sales generated $5,487,142 May 2018 oil and gas lease sales on state trust lands generated $5,487,142, bringing the Fiscal Year 2018 total to $102,222,238, New Mexico Land Commissioner Aubrey Dunn announced this week. That figure eclipses the previous single-year record of $101,991,251 collected in FY2012. With one month and another lease sale still to come before

Reserve Size Matters Less

From Reuters A decade ago, the news that the world’s top oil and gas companies had less than 12 years of production left in their reserves might have caused a panicked sell-off in their shares. But as consumers try to move away from fossil fuels to cleaner and cheaper energy sources, investors and executives say reserve size is no longer

Total Halts $2 Billion Gas Project in Iran

From CNNMoney French oil giant Total is preparing to pull out of Iran to avoid risking US sanctions. The company said on Wednesday that it was unable to proceed with a $2 billion project to develop the country’s giant South Pars gas field. In a statement, Total (TOT) said it “will have to unwind all related operations” before November 4, unless it’s granted a