New Mexico will overtake Mexican crude oil production this month. That’s what commodities analysts at Standard Chartered have forecast in a new report from Oilprice.com, with New Mexico’s September production just 74,000 barrels a day below Mexico’s.
“The increase in production in New Mexico is concentrated in two counties, Lea and Eddy, which currently employ 16 percent of active US oil rigs. Increasing production in New Mexico is one reason we…
