Wednesday, December 7, 2022

New Mexico's Oil Production Could Exceed That Of Mexico Before The End Of Next Year -- December 7, 2022

Re-posting: this is an incredible story picked up by Alex Kimani over at Oilprice. I don't know the geographic footprint of New Mexico's oil production or that of Mexico but I would consider New Mexico's footprint very, very small compared to that of Mexico, and New Mexico has no off-shore production. In addition, production from federal lands in New Mexico must be problematic -- all in all, it's just remarkable that New Mexico's oil production is comparable to that of Mexico, or actually exceeds Mexico's production.

New Mexico's crude oil production likely to exceed that of Mexico sometime in the next couple of months:

  • not official yet, but projected;
  • Mexico crude oil production (link here): 1.700 million bopd for the past two months (July, August)
  • New Mexico crude oil production (link here to EIA): 1.681 million bopd (August)
  • going forward the gap will narrow and New Mexico is likely to produce more oil than Mexico

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