New Mexico

Oil & gas and construction news for subcontractors working in New Mexico — 89 stories and counting.

EIA Sees Record US Crude Output in 2026 on Permian, Gulf Gains

The EIA forecasts US crude oil production will average a record 13.8 million b/d in 2026, driven by Permian basin growth and new Gulf of Mexico projects.

20h ago

Industry

SMR Deals Signal Early Nuclear Buildout Work for Certified Subs

Utility Dive reports hyperscaler-backed small modular reactor deals are moving advanced nuclear toward commercial deployment, creating a coming wave of specialized civil, electrical, and mechanical subcontracting work for firms with nuclear-grade quality certifications.

Sep 6, 2026

Editorial image: Nuclear SMR construction site twilight - SMR Deals Signal Early Nuclear Buildout Work for Certified Subs

Industry

PJM Stands to Gain Most From New Transmission Study, $6.7B in Benefits

A new study from S&P Global's CERA Consulting finds 13 high-value transmission projects could deliver $15.3 billion in net benefits through 2050, with PJM capturing the largest share, pointing to a wave of upcoming transmission work.

Sep 3, 2026

Editorial image: Transmission tower construction at dusk - PJM Stands to Gain Most From New Transmission Study, $6.7B in Benefits

Industry

UK Firm Redirects Capital to Permian, Calls Home Market Uninvestable

BritENERGY Group is acquiring a controlling stake in 13 New Mexico wells targeting 5 MMbbl of production by 2032, part of a broader pullback from UK oil and gas investment.

Aug 30, 2026

Editorial image: Permian well pad plus solar site - UK Firm Redirects Capital to Permian, Calls Home Market Uninvestable

Industry

EON Kicks Off 92-Well Horizontal Drilling Program in New Mexico

EON Resources subsidiary LH Operating has spudded the first of 92 planned horizontal wells in the Grayburg-Jackson Field in Eddy County, New Mexico, with drilling set to continue into 2027 and beyond.

Aug 30, 2026

Editorial image: Multi-well horizontal drilling program, dusk desert - EON Kicks Off 92-Well Horizontal Drilling Program in New Mexico

Industry

Targa Plans Three Gas Plants, New Pipeline in Delaware Basin

Targa Resources will build three new natural gas processing plants in the Delaware Basin with combined capacity of 825 MMcf/d, plus a 70-mile pipeline, as part of a $5 billion FY2026 capital plan.

Aug 29, 2026

Editorial image: Aerial night view, multi-plant pipeline buildout - Targa Plans Three Gas Plants, New Pipeline in Delaware Basin

Industry

Bernalillo County Approves $1.2B DESRI Solar-Storage Project

Bernalillo County approved $1.2 billion in industrial revenue bonds for a 400 MW solar and 400 MW battery storage project on Albuquerque's West Side, with DESRI starting construction late this year and 1,622 direct and indirect construction jobs projected.

Aug 27, 2026

Industry

BLM Lease Sales Net $139 Million Across OK, TX and NM

The Bureau of Land Management raked in more than $139 million from its latest quarterly oil and gas lease sale in Oklahoma, Texas and New Mexico, signaling continued drilling interest on federal land.

Aug 24, 2026

Industry

Permian Pipeline Gains May Hit a Processing Wall by 2028

New long-haul pipelines could solve Permian gas takeaway by 2028, but NGI reporting shows gas treating capacity for CO2, nitrogen and sour gas may lag behind, risking localized curtailments for midstream contractors.

Aug 23, 2026

Editorial image: Gas treating equipment bottleneck at night - Permian Pipeline Gains May Hit a Processing Wall by 2028

Industry

July Construction Starts Jump 25.6% as Megaprojects Drive Volatility

Dodge Construction Network reports total construction starts rebounded 25.6% in July after a June slump, with data centers, manufacturing, and utility projects fueling a "disjointed" market.

Aug 22, 2026

Industry

Select Water Solutions Expands Permian Pipeline Network With $120M New Mexico Buildout

Select Water Solutions will invest up to $120 million to add 100 miles of pipeline and new recycling capacity in southeastern New Mexico's Northern Delaware Basin, backed by an amended 12-year water-management deal, Engineering News-Record reports.

Aug 20, 2026

Editorial image: pipeline joint being laid, golden-hour - Select Water Solutions Expands Permian Pipeline Network With $120M New Mexico Buildout

Industry

DOE Cancels Three Federal Grid Corridor Designations

The Department of Energy has withdrawn plans to designate three National Interest Electric Transmission Corridors, cutting a batch of long-haul transmission routes from the federal permitting pipeline.

Aug 18, 2026

Industry

US Rig Count Climbs to 593 as Oklahoma Adds Rig

Baker Hughes data shows the U.S. rig count rose to 593 last week while Oklahoma gained one rig to reach 51, pointing to steady near-term work for drilling and completions crews.

Aug 16, 2026

Editorial image: Aerial multi-rig basin at golden-hour - US Rig Count Climbs to 593 as Oklahoma Adds Rig

Industry

Bernhard Capital Closes $1.25B Buy of New Mexico Gas Utility

Bernhard Capital Partners has finalized its $1.25 billion acquisition of New Mexico Gas Co from Emera, with regulators requiring the utility to maintain a 50% equity ratio and keep existing management in place.

Aug 15, 2026

Editorial image: Gas utility regulator station close-up - Bernhard Capital Closes $1.25B Buy of New Mexico Gas Utility

Industry

Gas Pipeline Delay Pushes Back Oracle's $165B New Mexico Data Center

A six-month slip in Energy Transfer's Green Chile pipeline project threatens the timeline for Oracle's Project Jupiter data center in Doña Ana County, highlighting gas infrastructure as a chokepoint for AI buildouts.

Aug 14, 2026

Editorial image: Stalled pipeline right-of-way at dawn - Gas Pipeline Delay Pushes Back Oracle's $165B New Mexico Data Center

Industry

Western Midstream Operators Push for Faster Gas Pipeline Expansion

Natural Gas Intelligence reports that Western US midstream operators are prioritizing pipeline optimization and new infrastructure as regional capacity runs at full utilization, citing weather-driven price spikes and growing storage needs.

Aug 14, 2026

Editorial image: aerial pipeline compressor station at dusk - Western Midstream Operators Push for Faster Gas Pipeline Expansion

Industry

Phillips 66, Kinder Morgan, HF Sinclair Sanction $5B West Coast Pipeline JV

The three companies finalized a joint venture for the 1,300-mile Western Gateway Pipeline system, a $5 billion project that will require new construction from Borger, Texas to Phoenix, Arizona ahead of California refinery closures.

Aug 12, 2026

Industry

Southwest Gas Prices Fall as EPNG Pipeline Constraints Ease

Natural Gas Intelligence reports that Southwest spot gas prices dropped Friday as El Paso Natural Gas pipeline capacity was restored, even as western heat intensified and LNG feedgas demand strengthened.

Aug 9, 2026

Compliance

State Heat Rules Multiply as Federal OSHA Standard Stalls Past 2027

ISHN reports that OSHA's heat illness rule is stuck in supplemental rulemaking until at least October 2027, while seven states now enforce their own heat standards, creating a compliance patchwork for multi-state contractors.

Jul 31, 2026

Industry

Matador's First Woodford Test in Lea County Tops 2,200 boe/d

Matador Resources reported strong initial results from its first exploratory Woodford well in southeast Lea County, New Mexico, pointing to a new Delaware Basin target with plans to cut well costs 30-40% over the next year.

Jul 25, 2026

Industry

Matador Resources Adds 16,000 Delaware Basin Acres in $1.28B Deal

Matador Resources is acquiring Paloma Permian for $1.275 billion, adding 16,235 net acres and more than 156 drilling locations, while a separate deal expands its Woodford footprint to 50,000 net acres.

Jul 24, 2026

Editorial image: industry general - Matador Resources Adds 16,000 Delaware Basin Acres in $1.28B Deal

Workforce

US, Texas Energy Services Jobs Dip in June After Three-Month Climb

Energy services employment fell in June across the U.S. and Texas after three straight months of gains, though industry data shows the workforce has remained stable through the first half of 2026.

Jul 17, 2026

Editorial image: Aerial crew yard shift-change, thinning trucks - US, Texas Energy Services Jobs Dip in June After Three-Month Climb

Industry

FERC's Large-Load Orders Could Decide Which Data Centers Get Built First

FERC's June 18 show cause orders to six grid operators aim to standardize data center interconnection rules, and the projects that offer grid flexibility may break ground fastest, Utility Dive reports.

Jul 16, 2026

Editorial image: Data center substation interconnection gap - FERC's Large-Load Orders Could Decide Which Data Centers Get Built First

Industry

North America Rig Count Falls 10 Week-Over-Week, Baker Hughes Data Shows

Baker Hughes' latest rotary rig count shows North America down 10 rigs week-over-week, its first decline since May, driven by an 11-rig drop in Canada and a five-rig pullback in the Permian Basin.

Jul 15, 2026

Editorial image: Idle rig beside active rig - North America Rig Count Falls 10 Week-Over-Week, Baker Hughes Data Shows

Industry

INGAA Study Sees $162B Pipeline Buildout Need Through 2037

A new INGAA Foundation report finds the US and Canada will need 25.25 bcfd of new natural gas pipeline capacity and 13,273 miles of new pipe from 2028-37, backed by over $1 trillion in midstream investment through 2052.

Jul 8, 2026

Editorial image: industry general - INGAA Study Sees $162B Pipeline Buildout Need Through 2037

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