New Mexico oil boom continues w/ Lea & Eddy counties leading the way

While left-wing prognosticators consistently downplay the future of New Mexico’s oil industry and push the narrative that a downturn is looming, the reality is that the State remains firmly in the grip of an oil boom of epic proportions.

As the chart below highlights oil production remains very close to record levels. Production is up approximately 14 times since late 2009.

As noted in the following chart from the Energy Information Administration, Lea and Eddy counties are responsible for 29% of ALL Permian Basin oil production.