All Discussions Tagged 'MancosShale' - GoHaynesvilleShale.com2024-03-29T07:08:41Zhttps://gohaynesvilleshale.com/forum/topic/listForTag?tag=MancosShale&feed=yes&xn_auth=noSouthwest Oil Independents warning to Saudi Arabiatag:gohaynesvilleshale.com,2016-09-05:2117179:Topic:36247362016-09-05T15:37:13.827ZRobert Johnsonhttps://gohaynesvilleshale.com/profile/RobertJohnson228
<div class="clearfix _5va3"><div class="clearfix _42ef"><div class="_5va4"><div class="_6a _5u5j"><div class="_6a _5u5j _6b"><h5 class="_5pbw _5vra _11dd" id="js_k"><span>FOR IMMEDIATE RELEASE</span></h5>
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<div class="_5pbx userContent" id="js_m"><div class="text_exposed_root text_exposed" id="id_57ccf8c909c857f49788602"><p>AUGUST 31, 2016<br></br>Contact: Dr. Daniel Fine, Tom Cambridge<br></br>The Panhandle Import Reduction Initiative (PIRI)<br></br>Dr. Daniel Fine @…</p>
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<div class="clearfix _5va3"><div class="clearfix _42ef"><div class="_5va4"><div class="_6a _5u5j"><div class="_6a _5u5j _6b"><h5 class="_5pbw _5vra _11dd" id="js_k"><span>FOR IMMEDIATE RELEASE</span></h5>
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<div class="_5pbx userContent" id="js_m"><div id="id_57ccf8c909c857f49788602" class="text_exposed_root text_exposed"><p>AUGUST 31, 2016<br/>Contact: Dr. Daniel Fine, Tom Cambridge<br/>The Panhandle Import Reduction Initiative (PIRI)<br/>Dr. Daniel Fine @ 505-771-1865, Tom Cambridge @ 806-358-7744 <span class="text_exposed_show"><br/><span class="skimlinks-unlinked">Daniel.Fine@nmt.edu</span></span></p>
<div class="text_exposed_show"><p><span class="font-size-5"><strong>Southwest Oil Independents warning to Saudi Arabia</strong></span></p>
<p>Carlsbad, New Mexico - Texas and New Mexico oil companies and communities will warn Saudi Arabia and OPEC to stop overproduction of oil and lower prices as a strategy to slow or shut them down or face import quotas.</p>
<p>This is the challenge of independents at the Panhandle Initiative to Reduce Imports (PIRI) at an industry and public rally in Carlsbad on September 27th. It will go from 11:30 A.M. to 2:00 P.M. and will be held with a free lunch and admission at the Pecos River Village Convention Center, 711 MUSCATEL AVE, CARLSBAD, NM 88220</p>
<p>Southwest and Rocky Mountain oil producers are under OPEC and Saudi Arabian attack . By 2019 they will capture the recovery of the demand for oil . OPEC is planning to force American consumers back to the 1990s of dependence<br/>of imports of foreign oil.</p>
<p>The American oil industry, which has in the last 10 years created the technology of oil self-sufficiency, will survive without the smaller independent company pioneers in shale and their future risk-taking in finding oil. Integrated companies (with production and refining combined) will survive and <br/>dominate in a second downturn with a smaller market share in America alongside potential 60% oil imports from foreign producers outside North America.</p>
<p>This summer’s crude oil price price recovery is unsustainable as Saudi Arabia expands capacity to supply most of the of the 2019 demand upturn worldwide. Price volatility should occur around geopolitical events such as military collision in the South China Sea.</p>
<p>The PIRI will present Dr. Daniel Fine and our strategic “White Paper” as the keynote along with oil and gas operators from the Delaware Basin (New Mexico Permian) and the San Juan Basin.<br/>The oil and gas industry “bust” will be presented by Tom Taylor, Economic Development, Four Corners and Tom Dugan of Dugan Productions. Tom Cambridge will speak on the Panhandle of West Texas and John Yates, Jr., Yates Petroleum, on the Permian/Delaware.</p>
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<p>More information about the Panhandle Import Reduction Initiative (PIRI) can be found on the PIRI website -><a rel="nofollow" href="http://www.panimportreduction.org/" target="_blank">http://www.panimportreduction.org/</a> or by calling Dr. Daniel Fine at 505-771-1865 and Tom Cambridge at 806-358-7744 </p>
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<p><strong> </strong></p> Oil producers want U.S. to restrict imports By Kevin Robinson-Avila / Albuquerque Journal Staff Writertag:gohaynesvilleshale.com,2016-07-08:2117179:Topic:36151202016-07-08T02:05:03.513ZRobert Johnsonhttps://gohaynesvilleshale.com/profile/RobertJohnson228
<p><span>The full Albuquerque Journal article is here-> <a href="http://www.abqjournal.com/803674/oil-producers-want-u-s-to-restrict-imports.html" target="_blank">http://www.abqjournal.com/803674/oil-producers-want-u-s-to-restrict-imports.html</a></span></p>
<p><span>ALBUQUERQUE, N.M. — New Mexico and West Texas oil producers are gearing up for a national effort to draw all major U.S. oil basins into a grassroots movement to restrict crude imports from overseas.</span></p>
<p>Leaders of the…</p>
<p><span>The full Albuquerque Journal article is here-> <a href="http://www.abqjournal.com/803674/oil-producers-want-u-s-to-restrict-imports.html" target="_blank">http://www.abqjournal.com/803674/oil-producers-want-u-s-to-restrict-imports.html</a></span></p>
<p><span>ALBUQUERQUE, N.M. — New Mexico and West Texas oil producers are gearing up for a national effort to draw all major U.S. oil basins into a grassroots movement to restrict crude imports from overseas.</span></p>
<p>Leaders of the Panhandle Import Reduction Initiative, which launched in April in the Permian Basin, are seeking public meetings and rallies in other oil-producing zones to convert what’s now a regional initiative into a national movement, said Daniel Fine, associate director of the New Mexico Center for Energy Policy, who is working with local producers.</p>
<p>Those efforts will kick off in September with a presentation at the fourth Southeastern New Mexico Energy Summit in Carlsbad. After that, initiative leaders expect to hold public meetings in other shale oil basins, including the Bakken in Montana and the Dakotas and the Eagle Ford in South Texas.</p>
<div class="p402_hide story-ad-wrap dfp-ad"><p class="disclaimer">“We’ll take it to Carlsbad first, and then it goes national,” Fine said. “We want to organize public rallies with producers and field workers whose jobs are at stake. This is a grassroots effort in the basins where the oil bust has taken place.”</p>
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<p>The initiative is a reaction to the Organization of Petroleum Exporting Countries’ aggressive oil-pumping policies since mid-2014, which have helped drive global oil prices to ten-year lows and thrust domestic U.S. production into crisis. Initiative leaders say those policies were a deliberate effort by the mid-Eastern members of OPEC, particularly Saudi Arabia, to drive U.S. producers out of business.</p>
<p>Banning crude imports from overseas would undercut OPEC’s ability to manipulate prices, they say, and allow U.S. producers to ramp up domestic production to supply the U.S. market.</p>
<p>Today, about 50 percent of domestic demand is supplied by imports from the Mid-East, and foreign control of the market is growing, Fine said. From January-June, imports jumped by 10.5 percent, while domestic output declined by more than 400,000 barrels a day.</p>
<p>“Why are we buying imports from the Mid-East when OPEC has launched an offensive to basically shut down our industry?” Fine said. “It’s the same oil we’re producing in our shale basins where we have great supplies to meet market need. We can be completely self-sufficient, so let’s cut off over-supply of cheap imported oil.”</p> Energy group hopes to reduce foreign oil importstag:gohaynesvilleshale.com,2016-06-15:2117179:Topic:36104262016-06-15T23:05:07.502ZRobert Johnsonhttps://gohaynesvilleshale.com/profile/RobertJohnson228
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<h6 class="util-bar-flyout-title util-bar-flyout-title-comments"><span style="font-size: 13px;">FARMINGTON - </span><span style="font-size: 13px;">A group of oil and gas executives and energy policy experts from the Texas Panhandle and New Mexico's piece of the Permian Basin are pushing a plan to restrict seafaring imports of foreign oil from coming into the U.S. in order to stabilize the oil and gas industry and bring back lost oilfield jobs.</span></h6>
<p>The group's plan, which would exempt crude oil imported from Mexico and Canada, is an effort to push back against the price wars the group said are being waged by OPEC, or the Organization of the Petroleum Exporting Countries, led by Saudi Arabia.</p>
<p>Members met at the School of Energy at San Juan College Tuesday to promote <span> the "</span><a href="http://www.panimportreduction.org/">Panhandle Import Reduction Initiative</a>," <span>which they say could be implemented in multiple phases within 90 days of the next administration,</span><span> with the ultimate goal of reducing heavy crude oil imports to about 10 percent of demand.</span></p>
<p>Launched in November, the initiative aims to cut foreign oil imports enough to activate more domestic drilling rigs and boost domestic production to meet current demand levels within four years.</p>
<p>Former state legislator and Four Corners Economic Development Chief Operating Officer <a href="http://www.daily-times.com/story/news/local/farmington/2016/04/06/burbridge-named-4ced-interim-ceo-taylor-coo/82713324/">Tom Taylor</a> said the drop in natural gas prices eight years ago and the fall of crude oil in 2014, has delivered prolonged pain to the regional economy.</p>
<div id="module-position-PHUthrNF2k8" class="story-asset image-asset"><img src="http://www.gannett-cdn.com/-mm-/aac567c5f3635b5afbb1fb7ac57df2af3230a7da/c=173-146-1850-2382&r=183&c=0-0-180-240/local/-/media/2016/06/14/TXNMGroup/Farmington/636015183928165527-FMN-QUOTAS-0615-03.jpg" alt="Four Corners Economic Development interim Chief Operating" width="180" height="240"/><span class="mycapture-btn-wrap"><span class="mycapture-non-priority-vertical-image mycapture-btn-with-text js-mycapture-btn">Buy Photo</span></span>
<p>Four Corners Economic Development interim Chief Operating Officer Tom Taylor speaks on Tuesday at San Juan College School of Energy in Farmington. Taylor and others are promoting quotas on oil imports as a way to stabilize the domestic oil and gas industry. <span class="credit">(Photo: Jon Austria/The Daily Times)</span></p>
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<p>"We find ourselves ... in a situation now where we're down about 6,000 jobs, most of those in the oil and gas industry," Taylor said of the San Juan Basin. "We have about 11,000 people who have left (San Juan County) ... So while we're down 6,000 jobs and down 11,000 people, we've built seven fast-food restaurants, three more under construction, and two big box stores. It's a different world out there.</p>
<p>"But the fact of the matter is that the economic base of the community is in trouble. And not only is the community in trouble, but the state of New Mexico is in trouble, and not only is New Mexico in trouble but our nation and its security. It's all tied together. It's a very difficult situation we find ourselves in when we have one country that can control oil prices. It goes beyond free trade. It's a problem we need a solution to. We are at the dependence of foreign oil."</p>
<p>Taylor said about a third of New Mexico's general fund comes from the oil and gas industry in the form of taxes and fees</p>
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</div> Our View: Limiting oil imports would help to protect American producers (Lubbock Avalanche-Journal)tag:gohaynesvilleshale.com,2016-05-22:2117179:Topic:36046062016-05-22T02:57:11.717ZRobert Johnsonhttps://gohaynesvilleshale.com/profile/RobertJohnson228
<p>The full article is here-> <a href="http://lubbockonline.com/filed-online/2016-04-28/our-view-limiting-oil-imports-would-help-protect-american-producers#.V0EfCvkrLIU" target="_blank">http://lubbockonline.com/filed-online/2016-04-28/our-view-limiting-oil-imports-would-help-protect-american-producers#.V0EfCvkrLIU</a></p>
<p><span>By </span><a href="http://lubbockonline.com/authors/j-editorial-board">A-J Editorial Board</a></p>
<p>"</p>
<p>When the price of oil drops, so does the cost of…</p>
<p>The full article is here-> <a href="http://lubbockonline.com/filed-online/2016-04-28/our-view-limiting-oil-imports-would-help-protect-american-producers#.V0EfCvkrLIU" target="_blank">http://lubbockonline.com/filed-online/2016-04-28/our-view-limiting-oil-imports-would-help-protect-american-producers#.V0EfCvkrLIU</a></p>
<p><span>By </span><a href="http://lubbockonline.com/authors/j-editorial-board">A-J Editorial Board</a></p>
<p>"</p>
<p>When the price of oil drops, so does the cost of gasoline. But while people are enjoying paying lower prices at gasoline pumps, plunges in oil prices can cause economic damage in Texas.</p>
<p>And it can put American oil producers out of business when the price of foreign oil imports gets cheaper than the costs of extracting oil from the ground in the U.S.</p>
<p>Oil producers in the Panhandle recently announced the Panhandle Import Reduction Initiative. Their hope is to limit the amount of oil that can be imported from other countries.</p>
<p>We wish them success in getting sympathetic ears to hear their initiative and gathering like-minded people to help further it.</p>
<p>They are right that a limitation should be set on the amount of oil imports from the Organization of Petroleum Exporting Countries.</p>
<p>Representatives of OPEC’s 18 nations recently met in Doha, Qatar. Among their topics of discussion was whether to freeze oil production levels.</p>
<p>The nations didn’t reach an agreement on the subject.</p>
<p>“OPEC and Russia and various countries met and decided they weren’t going to freeze oil and, in fact, OPEC said they will increase production again. This will drive the price down to $26 (a barrel) again,” said oil producer Tom Cambridge."</p> Energy policy expert says oil slump is a 'bust'tag:gohaynesvilleshale.com,2016-03-07:2117179:Topic:35866022016-03-07T03:16:33.480ZRobert Johnsonhttps://gohaynesvilleshale.com/profile/RobertJohnson228
<p>The complete article is here-> <a href="http://www.daily-times.com/story/money/industries/oil-gas/2016/03/05/energy-policy-expert-says-oil-slump-bust/81289608/" target="_blank">http://www.daily-times.com/story/money/industries/oil-gas/2016/03/05/energy-policy-expert-says-oil-slump-bust/81289608/</a></p>
<p>"</p>
<p>FARMINGTON — It's officially a "bust."</p>
<p>That's the verdict from Daniel Fine, one of Gov. Susana Martinez's senior advisers on energy policy. The U.S. oil and gas…</p>
<p>The complete article is here-> <a href="http://www.daily-times.com/story/money/industries/oil-gas/2016/03/05/energy-policy-expert-says-oil-slump-bust/81289608/" target="_blank">http://www.daily-times.com/story/money/industries/oil-gas/2016/03/05/energy-policy-expert-says-oil-slump-bust/81289608/</a></p>
<p>"</p>
<p>FARMINGTON — It's officially a "bust."</p>
<p>That's the verdict from Daniel Fine, one of Gov. Susana Martinez's senior advisers on energy policy. The U.S. oil and gas industry — and the San Juan Basin — is in a "bust" period, Fine said Tuesday at an inter-tribal energy conference at San Juan College's School of Energy.</p>
<p>"This is what a bust is. You lose the workforce," said Fine, who is associate director at New Mexico Center for Energy Policy at New Mexico Tech. "Loss to the country and to the Southwest will be the workforce. It will be decimated at levels of less than $30 a barrel (of crude oil)."</p>
<p>And 2015 was a year of layoffs and cutbacks.</p>
<p>Since the collapse of oil prices on the commodities market in fall of 2014, the number of workers laid off from local oil and gas companies — from the large corporations to the smaller independents — has been in the thousands.</p>
<p>"We're in a 'bust.' So be ahead of the curve, and think ahead in this business by at least six months," Fine told the Native American and non-tribal energy leaders and business people in the Merrion conference room at the new $15.8 million school.</p>
<p>He said looming federal regulations such as the the U.S. Bureau of Land Management's proposed <a href="http://www.blm.gov/live/pdfs/summary.pdf">Onshore Oil and Gas Orders Nos. 3, 4 and 5</a> along with proposed updates to its rule aimed at <a href="http://www.blm.gov/style/medialib/blm/wo/Communications_Directorate/public_affairs/news_release_attachments.Par.74451.File.dat/VF_Fact_Sheet.pdf">reducing "fugitive" atmospheric methane</a> from oil and gas operations were doubling the pain already caused by low crude oil prices. He said that a third of all U.S. oil and gas producers — especially those burdened with debt — will inevitably go bankrupt."</p> Fine: Washington, D.C., on oil and gastag:gohaynesvilleshale.com,2015-12-31:2117179:Topic:35662852015-12-31T04:50:14.950ZRobert Johnsonhttps://gohaynesvilleshale.com/profile/RobertJohnson228
<p>The complete article is here-><a href="http://www.daily-times.com/story/opinion/columnists/2015/12/28/fine-washington-dc-oil-and-gas/77979916/" target="_blank">http://www.daily-times.com/story/opinion/columnists/2015/12/28/fine-washington-dc-oil-and-gas/77979916/</a></p>
<p>The "deal" between the parties over the energy future of the United States and the San Juan Basin at the end of 2015 was the most misguided example of politics at the fuel pump since the 1970s. Then it was retail price…</p>
<p>The complete article is here-><a href="http://www.daily-times.com/story/opinion/columnists/2015/12/28/fine-washington-dc-oil-and-gas/77979916/" target="_blank">http://www.daily-times.com/story/opinion/columnists/2015/12/28/fine-washington-dc-oil-and-gas/77979916/</a></p>
<p>The "deal" between the parties over the energy future of the United States and the San Juan Basin at the end of 2015 was the most misguided example of politics at the fuel pump since the 1970s. Then it was retail price control and now it’s a free-for-all in the price of oil in the world market with West Texas Crude approaching 10-year lows.</p>
<p>Lifting the restriction on exporting crude oil adds American oil to a world market which is over-supplied. Expect no cash flow increase for American producers and still lower world prices than with the restriction or ban in place.</p>
<p>This is not the place to assess the other side of the "deal." However, tax credit extensions for wind and solar as alternative fuels to replace coal and later natural gas are no longer of concern to the Republican Party in Congress.</p>
<p>With petroleum economics based on market prices, there is virtually no way that the "deal" will bring about tens of thousands of new jobs in the oil and gas fields. How does exporting crude oil lead to increased drilling and rig deployment if this increases supply in an oversupplied world market? On the contrary, it leads to lower prices and negative cash flows for producers who must cut their workforces.</p>
<p>If oil and gas prices rebound in the next three years, the alternative fuels are beneficiaries as tax credits shape new non-fossil fuel investment, offsetting the risk of lower oil and gas prices, This was no doubt the objective of the climate change politics of Paris and the Democratic Party in Congress as well as the White House.</p>
<p>Although U.S. oil refiners will have a transportation cost tax adjustment from the "deal," what prevents them from buying foreign oil at lower prices than American oil (North Sea Brent at declining prices)?</p>
<p>For more than a year, I have developed an analysis of an OPEC/Saudi Arabian price war against American shale or light tight oil producers. This was regarded lightly while industry and Wall Street funds held on for a price recovery by last June. Now what I wrote in these columns is "mainstream" and U.S. producers survive through selling forward with "hedges."</p>
<p>What will be left of the San Juan Basin oil and gas economy in 2017? Will exporting crude oil to Poland or Sweden, against Saudi discounts, contribute to a Four Corners economic rebound?</p> Lifting of export ban unlikely to fuel growth anytime soontag:gohaynesvilleshale.com,2015-12-25:2117179:Topic:35654712015-12-25T15:34:53.758ZRobert Johnsonhttps://gohaynesvilleshale.com/profile/RobertJohnson228
<h5>By <a href="http://www.abqjournal.com/author/krobinson-avila">Kevin Robinson-Avila / Albuquerque Journal Staff Writer</a></h5>
<p>For the complete article use this link (<strong>This is an excerpt of the original article</strong>)-> …</p>
<h5>By <a href="http://www.abqjournal.com/author/krobinson-avila">Kevin Robinson-Avila / Albuquerque Journal Staff Writer</a></h5>
<p>For the complete article use this link (<strong>This is an excerpt of the original article</strong>)-> <a href="http://www.abqjournal.com/695149/biz/biz-most-recent/lifting-of-export-ban-unlikely-to-fuel-growth-anytime-soon.html">http://www.abqjournal.com/695149/biz/biz-most-recent/lifting-of-export-ban-unlikely-to-fuel-growth-anytime-soon.html</a></p>
<p>ALBUQUERQUE, N.M. — "The federal government is preparing to lift its ban on crude oil exports for the first time in 40 years, but most producers and industry analysts expect little benefit, at least in the short to medium term.</p>
<p>Congress agreed to suspend the ban in its new omnibus spending bill approved on Friday and since signed by the president. That could pave the way for the first crude exports since 1975, when the federal government originally imposed restrictions to shore up domestic supplies in response to the Arab oil embargo that decade.</p>
<p>U.S. producers have lobbied heavily to eliminate the ban, given that modern drilling technologies have opened up vast new U.S. crude reserves. That has pushed domestic output to its highest levels since the early 1970s, contributing to global oversupply and a fierce price war with the Organization of Petroleum Exporting Countries that began last year.</p>
<p>To sustain U.S. production, oil companies want to access foreign markets where prices are higher than that paid by domestic refineries.</p>
<p>But the battle with OPEC has sharply cut prices across the board, greatly narrowing the gap between what foreign refineries now pay for Brent oil — the international benchmark — and what domestic ones pay for U.S. benchmark West Texas Intermediate.</p>
<p>The price differential has shrunk to less than $3 per barrel, down from $20 or more a few years ago, said Tom Kloza, chief petroleum analyst with the Oil Price Information Service in Maryland. As a result, the benefits for accessing foreign markets are now minimal for U.S. producers.</p>
<p>“At this point, with the compression of crude oil prices across the board, the prices for Brent and West Texas Intermediate are very close to one another,” Kloza said. “That’s made the advantages of eliminating the export ban a moot point for the foreseeable future.”</p>
<p>U.S. exports could actually aggravate the price war with OPEC, driving markets even lower, said Daniel Fine, associate director of the New Mexico Center for Energy Policy at the New Mexico Institute of Mining and Technology.</p>
<p>“OPEC will likely move now to retaliate against U.S. crude exports,” Fine said. “U.S. producers will be unable to compete against severe price discounting by OPEC, particularly by Saudi Arabia and Iran. No country or refiner out there is going to take U.S. oil at a premium price against discounted prices from OPEC.”</p> Oil guru Dr. Daniel Fine was right on gas pricestag:gohaynesvilleshale.com,2015-12-02:2117179:Topic:35602782015-12-02T02:45:21.656ZRobert Johnsonhttps://gohaynesvilleshale.com/profile/RobertJohnson228
<p class="p1"><em><strong>For the complete article use this link--> <a href="http://rdrnews.com/wordpress/blog/2015/11/28/oil-guru-fine-was-right-on-gas-prices/" rel="nofollow" target="_blank">http://rdrnews.com/wordpress/blog/2015/11/28/oil-guru-fine-was-righ...</a></strong></em></p>
<p class="p1"><em><strong>Energy expert Dr. Daniel Fine, left, in March predicted the current low gasoline prices. Pictured with Fine during a meeting in Roswell in March are local oil men Rory McMinn of…</strong></em></p>
<p class="p1"><em><strong>For the complete article use this link--> <a rel="nofollow" href="http://rdrnews.com/wordpress/blog/2015/11/28/oil-guru-fine-was-right-on-gas-prices/" target="_blank">http://rdrnews.com/wordpress/blog/2015/11/28/oil-guru-fine-was-righ...</a></strong></em></p>
<p class="p1"><em><strong>Energy expert Dr. Daniel Fine, left, in March predicted the current low gasoline prices. Pictured with Fine during a meeting in Roswell in March are local oil men Rory McMinn of Reed & Stevens, center, and Bob Armstrong of Armstrong Energy Corp. (Jeff Tucker Photo)</strong></em></p>
<p>An energy expert’s prediction in March that gasoline prices in New Mexico would dip to $1.65 a gallon has been proven true.</p>
<p><br/>Dr. Daniel Fine, associate director of the New Mexico Center for Energy Policy at New Mexico Institute of Mining and Technology, said at a landmen’s association’s meeting in Roswell in March that gasoline prices in New Mexico would drop to as low as $1.60 a gallon this year as the United States and the Organization of Petroleum Exporting Countries engage in a crude oil price war.</p>
<p><br/>Gasoline prices in Bernalillo County dipped to $1.64 a gallon this week at some stations, according to<span class="skimlinks-unlinked">GasBuddy.com</span>. Gasoline prices in Chaves County were as low as $1.80 a gallon this week at Sam’s Club in Roswell.</p>
<p><br/>In March, Fine predicted gasoline prices in the Albuquerque market in 2015 would rise slightly to $2.35 a gallon before leveling off somewhere between $2.35 and $1.65 per gallon. He said in March that gasoline prices in Albuquerque could ultimately drop to as low as $1.60 a gallon.</p>
<p><br/>“We made it to $1.60 and I have an outline of where we’ll be in 2016,” Fine told the Daily Record this week. “I’m getting calls to return to Roswell to do the next year.”</p>
<p><br/>Fine said fuel prices in the United States are at their lowest levels since 1998, unadjusted for inflation. Fine attributed the low gasoline prices to soft market demand and excess supplies of crude oil.</p>
<p><span>The United States has more crude oil reserves than it has had since 1933, Fine said.</span><br/><span>Fine said he’s not so sure crude oil prices will rise any time soon. He said there is a lot of anticipation about a Dec. 4 meeting of OPEC in Vienna, Austria.</span></p>
<p><br/><span>“There’s a little excitement in the market about what the Saudi Arabian position might be on the 4th,” Fine said. “What’s reported out is some language about stability. So the speculators are buying oil today. But I am very skeptical that this will last.”</span></p>
<p><br/><span>Fine, who has been critical of OPEC, said the oil cartel is creating an imbalance in the marketplace by over-producing while crude prices continue to drop.</span></p> Infrastructure upgrades anticipate industry rebound (Albuquerque Journal)tag:gohaynesvilleshale.com,2015-10-31:2117179:Topic:35524382015-10-31T22:40:28.067ZRobert Johnsonhttps://gohaynesvilleshale.com/profile/RobertJohnson228
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<h5>By <a href="http://www.abqjournal.com/author/krobinson-avila">Kevin Robinson-Avila / Journal Staff Writer</a></h5>
<h6>Monday, October 26th, 2015 at 12:02am</h6>
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<div class="p402_premium"><p>New Mexico’s oil and gas industry may be in the doldrums now, but state and economic development officials are laying the groundwork for a rapid comeback when markets improve.</p>
<p>Gov. Susana Martinez released a new energy plan for New Mexico in September that calls for broad…</p>
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<h5>By <a href="http://www.abqjournal.com/author/krobinson-avila">Kevin Robinson-Avila / Journal Staff Writer</a></h5>
<h6>Monday, October 26th, 2015 at 12:02am</h6>
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<div class="p402_premium"><p>New Mexico’s oil and gas industry may be in the doldrums now, but state and economic development officials are laying the groundwork for a rapid comeback when markets improve.</p>
<p>Gov. Susana Martinez released a new energy plan for New Mexico in September that calls for broad infrastructure development in the state’s Permian Basin in the southeast and the San Juan Basin in the northwest to facilitate oil and gas development. That includes road improvements, new pipelines to transport crude and natural gas, and possibly a new 100-mile rail line running from Interstate 40 in Gallup to Farmington. It also calls for state efforts to encourage natural gas exports to Mexico, with new pipelines to move fuel to the industrial zone in Santa Teresa along the border for shipment southward.</p>
<p>The plan – the state’s first such comprehensive policy outline in at least 25 years – calls for an “all of the above” strategy for energy development statewide, including promotion of renewable energy. But it recognizes the central role the oil and gas industry plays in New Mexico’s economy, providing about a third of the state’s annual revenue, said Daniel Fine, associate director of the Center for Energy Policy at the New Mexico Institute for Mining and Technology .</p>
<div class="p402_hide"><div id="attachment_665394" class="wp-caption alignright"><a href="http://www.abqjournal.com/?attachment_id=665394" rel="attachment wp-att-665394"><img class="size-thumbnail wp-image-665394" src="http://main.abqjournal.netdna-cdn.com/wp-content/uploads/2015/10/mb_jd_26oct_sidebar3-e1445812781153-125x175.jpg" alt="FINE: Exports a priority for development" width="125" height="175"/></a><p class="wp-caption-text">FINE: Exports a priority for development</p>
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<p>“It’s based on recognition and support of the oil and gas industry as the core of the energy sector in New Mexico,” said Fine, who served as project leader for developing the state plan. “The policy helps prepare us for future recovery in the fuel price cycle, which will come back in a few years.”</p>
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<p></p> US oil and gas boom benefits consumers: ABQ Journal (GREAT ARTICLE SHARE W/ A FRIEND!)tag:gohaynesvilleshale.com,2013-11-21:2117179:Topic:31524422013-11-21T15:06:52.214ZBill Robertshttps://gohaynesvilleshale.com/profile/BillRoberts
<p>By Kevin Robinson-Avila / Journal Staff Writer | Sun, Nov 17, 2013</p>
<p>After years of steadily rising prices, “low-cost fuel” may seem like an oxymoron.</p>
<p>But thanks to a steady surge in domestic oil and gas production, energy experts say consumers could enjoy inexpensive gasoline and natural gas for years to come.</p>
<p>MAP MASTER“The outlook is for a low-cost energy economy in the U.S.,” said Daniel Fine, associate director of the New Mexico Center for Energy Policy, which is run…</p>
<p>By Kevin Robinson-Avila / Journal Staff Writer | Sun, Nov 17, 2013</p>
<p>After years of steadily rising prices, “low-cost fuel” may seem like an oxymoron.</p>
<p>But thanks to a steady surge in domestic oil and gas production, energy experts say consumers could enjoy inexpensive gasoline and natural gas for years to come.</p>
<p>MAP MASTER“The outlook is for a low-cost energy economy in the U.S.,” said Daniel Fine, associate director of the New Mexico Center for Energy Policy, which is run by the New Mexico Institute of Mining and Technology in Socorro. “This is a long-term trend, not an isolated event, and it’s something almost revolutionary.”</p>
<p>The country’s newfound oil and gas boom, made possible by modern drilling technologies, has helped keep gasoline prices well below the $4-per-gallon peaks that consumers faced just a few years ago. It’s also driven home-heating bills to record lows since 2009.</p>
<p>Now, with production still climbing fast, Fine and others say natural-gas prices will remain moderately low for another five to 10 years at least. And gasoline prices likely will continue to fall into 2014, before stabilizing at somewhere above $2 per gallon for the foreseeable future.</p>
<p>“I believe gasoline will reach $2.35 a gallon or less quite soon, within a year at most,” Fine said.</p>
<p>Gregg Laskoski, a senior policy analyst with the online price-tracking service Gas Buddy, agreed.</p>
<p>“That may seem shocking, but it’s not as outlandish as it sounds,” he said. “The potential is certainly there.”</p>
<p>For more of the article use this link--> <a href="http://www.abqjournal.com/302397/biz/oil-gas-production-booms.html" target="_blank">http://www.abqjournal.com/302397/biz/oil-gas-production-booms.html</a></p>