Learn

America’s economy is linked in so many ways to the energy industry— this link is particularly strong with oil and natural gas. As we continue our economic recovery, we want to share more with you about the scale of impact the industry delivers. Check out the video above and click “Why is it important” to learn more!

New Mexico is one of the United States’ leading oil and gas producers, ranking 3rd in annual oil production and 9th in annual natural gas production. With production concentrated in two areas—the Permian Basin in the southeast and the San Juan Basin in the northwest—the industry brought in more than $3.1 billion to New Mexico’s economy in 2019.

Technologies don’t currently exist in order to meet future energy demand while reducing emissions across the transportation, industrial and power sectors in meaningful ways.

Smart regulations help protect public health and the environment, but ineffective, unnecessary regulations cost jobs, undercut growth and undermine competitiveness.

Methane is the primary component of natural gas. The energy industry works hard to limit methane emissions, not only for environmental reasons, but also to capture more of the gas for sale.

As society continues to advance and address multiple important issues – such as alleviating poverty, expanding economic development, and providing billions of people with basic energy access and improved living standards – the demand for affordable and reliable energy across the global economy is expected to grow substantially. 

Carbon capture and storage is a process that takes carbon dioxide that would otherwise have been released into the atmosphere and injects it into underground geologic formations for permanent storage.

The United States is a leading producer of oil and natural gas, which is allowing for historic new investments in U.S. manufacturing.