New Mexico oil, gas production up by 10% despite pandemic
April 1, 2021
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CARLSBAD, N.M. (AP) New Mexico has reported that oil and gas production increased by more than 10% last year compared to the year before even as demands for fuel dropped during the coronavirus pandemic.
Data from the state s oil conservation division showed the state produced about 370 million barrels of oil in 2020 compared to about 330 million barrels of oil produced in 2019, the Carlsbad Current-Argus reported Tuesday.
Although last year produced the highest amount of oil since the division began tracking production in the 1970s, officials said rate of growth dropped from a 33% increase between 2018, which yielded about 250 million barrels of oil, and 2019.
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Executive Summary
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Downhole Equipment Market. The Global Downhole Equipment market has been analysed By Equipment (Flow & Pressure Control, Downhole Control, Impurity Control, Handling Tool, Drilling Tool), By Application (Well Drilling, Well Intervention, Well Completion, Formation & Evaluation, Oil & Gas Production). The Global Downhole Equipment market has been analysed By Region (Americas, Europe, APAC, ROW) and By Country (United States, Canada, Mexico, Norway, United Kingdom, Russia, China, India, Indonesia, Saudi Arabia, Qatar) for the historical period of 2014-2018 and the forecast period of 2019-2024.