Blog

New Mexico housing market sets record

December 28, 2018

“Obviously, New Mexico is an exception to national trends. The state’s economy continues to perform well, with an increase in oil and gas markets and employment in many areas,” the association said.

Santa Fe sees most construction jobs since 2013

December 23, 2018

New Mexico as a whole ranked No. 11 among states with 7.3 percent construction job growth. Brill believes that’s likely because of growth in the oil and gas sectors in Hobbs and Farmington.

Agriculture and energy create opportunities for state

December 21, 2018

State lands support tens of thousands of jobs for New Mexicans in oil and gas production, agriculture, mining of minerals like potash, and renewable energy. For decades these activities have safely occurred and coexisted alongside other important uses of state lands.

State records another large oil and gas lease sale

December 20, 2018

New Mexico’s public K12 schools and other trust beneficiaries got an early $13.3 million gift thanks to the State Land Office’s December oil and gas lease sale.

Increased LNG demand abroad could mean opportunity for New Mexico

December 19, 2018

With abundant oil and natural gas resources already driving its economy and government revenues to new highs, New Mexico could soon be the beneficiary of increased demand for liquefied natural gas (LNG) in northeast Asia.

Oil and gas-driven surplus gives New Mexico opportunity for prosperity

December 17, 2018

Legislative budget analysts say 80 percent of the new revenue is linked to oil and gas activity, which has surged in New Mexico. The latest monthly numbers from the U.S. Energy Information Administration demonstrate this remarkable growth.

Farmington manufacturer adding 180 jobs

December 17, 2018

A homegrown manufacturer is adding 180 jobs to its Farmington plant, with plans for a $7.5 million expansion.

New $50 Million plant to bring 350 jobs to New Mexico

December 14, 2018

A Taiwanese manufacturing company is opening a $50 million plant in Santa Teresa, with an expected workforce of nearly 350, the company announced Wednesday.

Report: New Mexico has most female-owned businesses

December 13, 2018

A new report out is singing New Mexico’s praises when it comes to the percentage of businesses owned by women. According to Frontier Business, 51.7-percent of businesses in the state are owned by females and that number has likely since grown.

Oil Sector Boosts State Government Fortunes in New Mexico

December 12, 2018

Budget analysts for the Legislature trace about 80 percent of growth in state income during the current fiscal year directly to the oil and gas industry.