Link-Belt Cranes - Mon June 24, 2019
Link-Belt Cranes Work Overtime in Wolfcamp Shale
Wolfcamp and Bone Spring Formations of the Permian Basin in west Texas and New Mexico hold oil and gas reserves estimated at 46.3 billion barrels of oil. According to a fourth quarter 2018 U.S. Geological Society report, full production estimates through 2025 predict that by 2021 one in every six barrels of oil, globally, will come from the Permian Basin....
Susan Montoya Bryan – Associated Press - Wed June 05, 2019
Feds Delay Oil Leases Near Sacred Land
ALBUQUERQUE, N.M. (AP) U.S. Interior Secretary David Bernhardt has agreed to put off oil and gas leasing for a year on land that Native Americans consider sacred surrounding Chaco Culture National Historical Park in northwestern New Mexico....
ExxonMobil - Wed June 05, 2019
ExxonMobil Permian Development to Provide $64B in Benefits to New Mexico
ExxonMobil said a new study estimates the company's development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements....
Associated Press - Wed April 24, 2019
Key New Mexico, Texas Oil Highways Receiving Upgrades
CARLSBAD, N.M. (AP) A key highway in southeastern New Mexico and another West Texas are getting much-needed upgrades to accommodate the rise in traffic from the region's oil and gas boom. In New Mexico, the state's Department of Transportation is working to renovate U.S....
U.S. Senate Committee on Indian Affairs - Wed April 24, 2019
EPA to Award $220M for Mine Cleanup on Navajo Nation
U.S. Sens. Tom Udall and Martin Heinrich and U.S. Rep. Ben Ray Luján announced that the U.S. Environmental Protection Agency (EPA) plans to award multiple contracts worth an estimated $220 million over a five-year period to address the legacy of uranium contamination from abandoned mines in the Navajo Nation area....
Associated Press - Wed April 10, 2019
Delegation Secures $3M for Upgrades on Southwest Chief
ALBUQUERQUE, N.M. (AP) Members of New Mexico's congressional delegation have secured $3 million in matching funds to help complete safety upgrades and maintenance along the Southwest Chief train route....
Emily Buenzle - Thu March 07, 2019
'We'll Build It:' Fisher Industries Proposes Cheaper Border Wall Plan
The CEO of Fisher Industries, an Arizona-based construction company, has said that his crew could build a part of the border wall by the November 2020 election. Tommy Fisher said that by using his patented hanging system, Fisher Industries could erect 234 miles of the border wall for just $1.4 billion—a much lower price than President Trump's $8 billion price tag, KTAR News reported....
Craig Mongeau - CEG Editor in Chief - Wed February 13, 2019
Old, New Technology Merge to Save Contractor Time, Money
There's the old work cliché when somebody asks their boss, "when do you need this by?" and the answer is "I need it yesterday."Time constraints and deadline are facts of work life and the construction industry is no different....
Associated Press - Wed February 13, 2019
Rail Traffic Rises Amid N.M., Texas Oil Surge
CARLSBAD, N.M. (AP) Traffic is surging in the railroad industry in southeast New Mexico due to the oil boom in the state and West Texas. The number of rail cars traveling through the Carlsbad area almost tripled during the region's recent oil boom as extraction continued to grow in Permian Basin, the Carlsbad Current-Argus reported....
Emily Buenzle - Fri February 08, 2019
Proposed Bill Could Cause Hangup for State's Oil, Gas Industry
New Mexico's booming oil and gas industry could soon hit a speed bump if a proposed bill creating a four-year moratorium on any new state permits for hydraulic fracturing permits passes. "All we want is clean air and clean water," said Samuel Sage, a member of the Navajo Nation's Counselor Chapter House, who appeared at New Mexico's state Capitol to support the bill, USA Today reported....
