ONE OF THE MAJOR PLAYERS IN THE OIL AND GAS INDUSTRY IS RAMPING-UP INVESTMENT AND PRODUCTION IN SOUTHEASTERN NEW MEXICO AND WEST TEXAS. EXXON-MOBIL HAS ANNOUNCED IT WILL BE SPENDING 2-BILLION DOLLARS IN THE REGION, TRIPLING ITS DAILY OUTPUT OF OIL BY THE YEAR 2025. ROBERT MCENTYRE WITH THE NEW MEXICO OIL AND GAS ASSOCIATION SAYS THIS WILL BUILD ON RECENT GAINS IN THE INDUSTRY.
HE SAYS THEY’RE ALREADY SEEING A HUGE UPTICK IN ACTIVITY IN SOUTHEASTERN NEW MEXICO AND THE OIL AND GAS INDUSTRY.
EXXON-MOBIL SAYS IT IS ONE OF THE MOST ACTIVE OPERATORS IN THE PERMIAN BASIN. OVERALL, THE COMPANY SAYS IT WILL BE INVESTING 50-BILLION DOLLARS NATIONWIDE BETWEEN NOW AND 2025.
