Exxon’s Permian Production to Yield $64B for New Mexico

Findings from the study, done by Impact Data Source, found that the focus on the Permian would generate $64 billion in net economic benefits for the state and local communities for the next 40 years.

With an assumed oil price of $40 per barrel, the study said the state government would receive $44 billion from new leases and royalties and $8.5 billion from state oil and gas severance taxes.

“The Permian Basin is the engine of America’s energy renaissance and New Mexico residents will see direct economic benefits and opportunities from our planned investments,” Exxon CEO Darren Woods said in a company statement.

 

 

 

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Source: Rigzone.com

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