New Mexico Considers Drilling Restrictions
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future crude outputReuters
•New Mexico studies oil drilling restrictions that would hit output, revenue
80% Informative
Study examined proposed restrictions on how close operators can drill to certain structures and environmental areas.
New Mexico is the second -largest oil-producing state in the U.S. New Mexico houses portions of the prolific Permian shale field, which also crosses into Texas .
The setbacks evaluated in the report would take effect in 2026 and result in a third of new wells not being put into production.
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