New Mexico witnessed a decrease of 2.75% in total oil and gas production to 23,63,751.13 boe/d in January 2022 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production grew 13.28% in January 2022 from 20,86,617.77 boe/d in January 2021. On a YTD basis, the total oil and gas production in 2022 increased by 13.28% from the same period in 2021.

In January 2022, oil production declined 1.93% to 12,64,629.65 bd as against the previous month, while gas production declined by 3.69% to 6,374.9 mmcf/d.

On a YTD basis, oil production increased by 16.38% in 2022 when compared with the same period in 2021, while gas production rose by 9.91%. Out of the total oil and gas production in January 2022, oil held a 53.5% share, while gas had a 46.5% share.


In New Mexico, EOG Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 3,86,378.22 boe/d in January 2022 from the previous month. The company held a 19.87% share in oil production and 12.29% share in gas production in January 2022.

On a YTD basis, the company registered a 24.09% increase in total oil and gas production from the same period in 2021.



Compared with other counties in New Mexico, Lea county recorded the highest oil and gas production, holding a 47.05% share in January 2022. The county witnessed in production to 11,12,080.67 boe/d in January 2022 when compared with the previous month.

On a YTD basis, Lea registered an increase of 10.87% in total production from the same period in 2021.



Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.

GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.