2021 Oil & Gas Highlights from New Mexico
New Mexico had 1450 wells drilled in 2021. The New Mexico Oil and Gas Association recently published its top five highlight list for 2021 energy producers in The Land of Enchantment. They include:
New Mexico Wells Drilled 2021
Economic Recovery
Thanks to the industry’s resilience, oil and natural gas production in New Mexico roared back to pre-pandemic levels. The oil and natural gas industry is the bedrock of New Mexico’s economy, supporting 134,000 jobs.
Rising Rig Count
New Mexico ended 2020 with 65 active rigs. That steadily rose over the year to a peak of 93 rigs in December.
Historic Production
New Mexico cemented itself at the center of domestic energy production by becoming the 2nd largest oil producer in the country. The state produced more than a million barrels per day. The Permian Basin of New Mexico and Texas currently accounts for nearly one third of national production.
Energy Security
New Mexico helped the U.S. to retain its status as a net energy exporter. Oil and gas natural production in New Mexico has solidified American energy security, making the U.S. less reliant on foreign countries to fuel our own economy, infrastructure and public safety.
Record Revenues
Oil and natural gas production in New Mexico delivered $5.3 billion in state and local tax revenue – the highest figure ever recorded in New Mexico history. Revenue grew $500 million on the strength of production, returning drilling activity, and rebound in market prices.
New Mexico Wells Drilled by Operator in 2021
Operators in New Mexico Mew Mexico Wells Drilled 2021 Eog Resources, Inc. 230 Mewbourne Oil Company 194 Devon Energy Corporation 124 Tap Rock Resources 123 Kaiser-Francis Oil Company 74 XTO Energy Inc. 67 Matador Resources Company 52 ADVANCE ENERGY PARTNERS, LLC 46 Citation Oil & Gas Corp. 44 Centennial Resource Production, LLC 38 Spur Energy Partners LLC 37 Chevron U.S.A. Inc. 36 TITUS OIL & GAS PRODUCTION, LLC 35 Bta Oil Producers, LLC 32 Coterra Energy 31 Franklin Mountain Energy LLC 30 OXY USA Inc. 29 NOVO OIL & GAS TEXAS, LLC 28 Colgate Energy 23 DJR OPERATING, LLC 20 Caza Petroleum 14 Enduring Resources, LLC 12 Longfellow Energy, LP 11 Earthstone Energy 10 Conocophillips Company 9 Burnett Oil Co., Inc. 8 Mack Energy Co. 8 Pride Energy Company 6 FAE II Operating LLC 5 ASCENT ENERGY, LLC. 4 Avant Natural Resources 4 Flat Creek Resources, LLC 4 LOGOS OPERATING, LLC 4 SOUTHERLAND JOE DON dba TAYLOR OIL CO 4 Lime Rock Resources Iv-A, L.P. 3 MARSHALL & WINSTON, INC. 3 MURCHISON OIL & GAS INC 3 STEWARD ENERGY, LLC 3 ARMSTRONG ENERGY CORP 2 Bopco, L.P. 2 CAMINO NATURAL RESOURCES LLC 2 Catena Resources Operating, LLC 2 Great Western Drilling Company 2 HALL GREG OIL & GAS LLC 2 Manzano LLC 2 RIDGEWAY ARIZONA OIL CORP. 2 Tacitus, LLC 2 Tamaroa Operating, LLC 2 Tascosa Energy Partners, L.L.C 2 BAM PERMIAN OPERATING, LLC 1 Bc Operating Inc. 1 Breitburn Operating L.P. 1 Continental Resources 1 DUGAN PRODUCTION CORP 1 FAIR OIL, LTD 1 GOODNIGHT MIDSTREAM PERMIAN, LLC 1 Milestone Environmental Services, LLC 1 OKLAND OIL COMPANY 1 Permian Oilfield Partners, LLC 1 Redwood Operating LLC 1 RKR EXPLORATION INC 1 San Mateo Stebbins Water Management, LLC 1 SCO PERMIAN, LLC 1 SOLARIS WATER MIDSTREAM, LLC 1 TRIUMPH ENERGY PARTNERS LLC 1 V-F Petroleum Inc. 1
Energy News
