If it were a country, New Mexico today would be the 11th largest oil producer in the world, just behind Kuwait. But as oil production has leapt — more than 560% in the past decade — funding has fallen ...
Oil production in New Mexico’s Permian Basin, one of the largest oilfields in the world, has increased nearly 10-fold since 2010, leading to a surge of devastating air, water and climate pollution.
Pemex made the discovery by drilling its onshore Ixachi well ... production slump by attracting billions of dollars in investment via new foreign and private producers. Mexico hit peak oil ...