Operating in New Mexico
The U.S. is now the world’s largest producer of oil and natural gas, thanks in part to New Mexico’s ongoing production. This steady supply helps keep gasoline, diesel, natural gas and electricity prices low; stimulates economic activity; contributes to the U.S. manufacturing renaissance and creates jobs in New Mexico and across the country.
As the top producer in New Mexico with a long history in the area, ConocoPhillips provides a stable energy supply for the state while fueling economic growth.
“We have an opportunity and a responsibility to make a positive impact in New Mexico,” said Erec Isaacson, vice president of ConocoPhillips Rockies Business Unit. “For more than 50 years we’ve been a reliable partner by operating safely, efficiently and responsibly. As we move forward, we will continue to do this in a sustainable way.”
Our operations in New Mexico’s San Juan Basin, one of the largest U.S. natural gas fields, represent more than a quarter of our company’s Lower 48 production and nearly 10% of our worldwide volumes. However, 70% of our San Juan wells are located on Bureau of Land Management (BLM) lands and are subject to BLM regulations. These regulations are overly burdensome and could significantly hinder our – and our industry’s – operations, leading to substantial negative economic impacts across the state.