ABQJournal (March 20, 2021) — New Mexico’s oil patch is still gushing, with production growing another 10.5% in 2020 to a record 366.6 million barrels, despite the pandemic.

But growth last year was markedly slower than in 2018 and 2019. And going forward, industry leaders say the record booms of the last five years will be hard to sustain, given the regulatory uncertainty now engulfing fossil fuel production, society’s accelerating march to a low-carbon economy, and a new producer emphasis on slower growth that focuses more on profitability than unbridled expansion.

Read full article here.