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Page added on March 12, 2013
Natural gas production in New Mexico declines
Natural gas production in northwestern New Mexico’s San Juan Basin continues to sink.
Production dropped 4.2 percent in 2012 for the sixth straight year of declining production in the region.
Northwestern New Mexico produced 780 billion cubic feet of natural gas in 2012.
That’s down from about 815 billion cubic feet in 2011 and the lowest production level for the region since 1992’s production of 733 billion cubic feet.
The Daily Times reports that the drop in drilling is a result of low prices.
Dugan Drilling President Tom Dugan says it’s hard to drill and make a profit with current prices for natural gas.
Some drillers are reacting by moving operations to other states, not filling vacancies and refocusing their operations on oil.
3 Comments on "Natural gas production in New Mexico declines"
BillT on Tue, 12th Mar 2013 11:20 am
And the beat goes on…
Airwicky on Tue, 12th Mar 2013 2:32 pm
This is where I’m from and living. People seem to brag out our resources but in reality we live in a desert where water and other resources are actually scarce. The native ancestors of this land seemed to be smarter than us and realized how important every little thing we need to survive is sacred. When I say ‘smarter’, I mean more in touch with reality and their environment of course.
GregT on Tue, 12th Mar 2013 4:36 pm
We need to start using more natural gas in the transportation sector to drive the price up to make it viable to produce.
Then we can all watch our home heating bills rise exponentially.