Who knew!
An important energy milestone — New Mexico is emerging as one of America’s top state producers of crude oil. While California’s oil production has been in a steady gradual decline, New Mexico’s crude oil output has doubled since 2013, and its daily production surpassed 500,000 barrels for the first time in September (504,000) and October (528,000). Significantly, New Mexico’s monthly output exceeded California’s for the first time in both September and October, and the Land of Enchantment also out-produced Oklahoma by the widest margin ever in those two months (37,000 bpd). New Mexico’s rising oil output last fall elevated the state from the sixth largest oil-producer in recent years to the nation’s No. 3 oil-producing state, behind only Texas and North Dakota. Carpe oleum.
Via AEI