New Mexico Struggles To Balance Oil Output Boom with Climate Goals

The second-largest oil-producing U.S. state, New Mexico, has seen record oil and gas output and revenues in recent years on the back of the booming activity in the Permian, the top U.S. shale field. New Mexico has driven the Permian’s oil production growth over the past two years. For example, two counties in the southeastern corner of the state, Lea and Eddy, accounted for 29% of all crude oil production in the Permian Basin in the first half of 2023, the EIA said last year, citing data from Enverus. As New Mexico’s…