New Mexico is set to overtake Mexico’s crude oil production in the current month. That’s what commodity analysts at Standard Chartered have projected in a new report obtained by Oilprice.com, with New Mexico’s production in September just 74,000 barrels per day less than Mexico’s. “The surge in New Mexico’s output is centered on two counties, Lea and Eddy, where 16 percent of active U.S. oil rigs are currently employed. Rising New Mexico output is one reason why we do not share concerns that the U.S. is past…
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