The Permian Basin within New Mexico and Texas has achieved record-breaking oil & gas production year over year. Even with oil production levels at an all-time high, methane emissions have declined by 57% from 2011 to 2017. This resource-rich land continues to secure financial investment that creates jobs and generates funding for local schools and universities.United States EPA Data Report Findings The United States Environmental Protection Agency and Energy Information Administration released a new data report that confirms that methane emissions have declined in the two most significant oil and gas basins (the Permian and Appalachian Basins). Methane emissions from the Permian have dropped from 4.8 million metric tons CO2e to 4.6 million metric tons CO2e between the years 2011-2017. Respectively, oil and gas production has significantly increased from 638.9 million barrels in 2011 to 1.4 billion barrels in 2019. Increased efficiencies and technology innovation are the reasons behind the emissions decline.Great for the Economy & Environmental Responsibility Oil & gas producers are always finding new ways to develop America’s natural, abundant resources in an environmentally safe manner. It remains a top priority for industry leaders to reduce any and all environmental impacts. With continued investment in infrastructure and technological advancements, emissions are predicted to reduce even further.Next Stage New Mexico is currently the third-largest producing state of oil in America. Production levels this year are already reaching record levels due to the bountiful resources of the Permian Basin. State oil production grew by 46 percent which equates to 250 million barrels of oil within one year. 2019 is set to be an exceptional year for oil production. The increased revenues will continue to benefit the New Mexico residents, while the environmental footprint continues to shrink.Energy in Depth Analysis: Methane Emissions Intensity Declines in Top Shale Basinshttps://eidclimate.org/analysis-methane-emissions-intensity-declines-in-top-shale-basins/Environmental Protection Agency Greenhouse Gas Reporting Program:https://ghgdata.epa.gov/ghgp/main.doEnergy Information Administration Production Data:https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPNM1&f=Mhttps://www.eia.gov/dnav/ng/NG_PROD_SUM_DC_SNM_MMCF_A.htm
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Chase Energy Services
Chase Energy Services is one of the largest privately held integrated oilfield services company in the US, providing end-to-end oilfield services through an experienced management team, innovative technologies and an unrelenting focus on safety. With more than 500 employees, the company serves customers across Southeast New Mexico and West Texas in frac and acidizing, well construction and completion, cementing solutions and well servicing. Learn.More
Chase Energy Services, Inc.11344 Lovington HWYArtesia, NM 88210(575) 748-1288
