Throughout New Mexico's oil and gas basins, a transition is underway that is reshaping the narrative around energy production and environmental stewardship. Late last year, analysis from S&P Global Commodity Insights revealed significant reductions in methane emissions in the Permian Basin. The reduction is equivalent to the annual carbon emissions avoided by every electric vehicle in the United States.
The Center for Western Priorities recently published a report showing that methane intensity in the Permian Basin dropped by 77% between 2011 and 2023, even as oil and gas production increased. This indicates more energy is being produced with fewer emissions, reflecting innovation, investment, and commitment within the industry.
"This achievement is the result of years of hard work, investment, and innovation by the men and women of New Mexico’s oil and gas industry to meet and exceed environmental standards and regulations," stated Missi Currier. Companies are utilizing cutting-edge technologies such as satellite monitoring, infrared cameras, advanced leak detection, and repair systems. They have modernized infrastructure, improved operational practices, and collaborated with regulators and environmental experts to minimize emissions at every stage of production.
The efforts are beneficial not only for the environment but also for New Mexico's economy. The oil and gas industry contributes over $13 billion annually to the state budget, funding public education, healthcare, and infrastructure. Nearly one-third of New Mexico’s General Fund comes from oil and gas revenues.
Critics often view the energy industry as part of the climate problem; however, data suggests otherwise. "Methane is a potent greenhouse gas," Currier explained. "Reducing its emissions is one of the fastest ways to slow global warming." Progress made in New Mexico benefits both local communities and has global implications.
By continuing to lead in energy production while maintaining high environmental performance standards, New Mexico aims to ensure a prosperous future for all its residents.
"We still have work to do," Currier concluded. "But let’s recognize the strides we’ve made... because the world needs us."
