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EIA: US Permian Basin oil production and resource assessments continue to increase

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Crude oil production in the US Permian Basin is expected to increase to an estimated 2.4 Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. million b/d) in that month. million b/d) in that month.

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New Mexico Adopts Greenhouse Gas Cap-and-Trade Program

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The New Mexico Environmental Improvement Board (EIB) adopted by a vote of four to three greenhouse gas reduction regulations—called the most stringent in the US—that will reduce global warming pollutants through a regional cap on greenhouse gas emissions. New Mexico Greenhouse Gas Cap-and-Trade Regulation.

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Sapphire Energy and Phillips 66 parter on co-processing of algae crude oil with conventional crude

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one of the world leaders in algae-based “Green Crude” oil production, and Phillips 66, an integrated energy manufacturing and logistics company, have entered a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. San Diego-based Sapphire Energy, Inc.,

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NASA’s New Earth Space Mission maps methane ‘super-emitters’

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This image shows a methane plume 2 miles (3 kilometers) long that NASA’s Earth Surface Mineral Dust Source Investigation mission detected southeast of Carlsbad, New Mexico. kilometers) long southeast of Carlsbad, New Mexico, in the Permian Basin. Credit: NASA/JPL-Caltech.

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GTI plans second Permian Basin field test site to maximize hydraulic fracturing efficiency and increase production

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The Permian Basin in West Texas is considered one of the largest hydrocarbon resources in the world, covering 86,000 square miles and encompassing 52 counties in New Mexico and Texas. Current oil production is approximately 2.4 Laredo Petroleum, Inc.

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Algae-to-crude company Sapphire Energy pays off government loan guarantee

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million loan guarantee through the Biorefinery Assistance Program, administered by the USDA Rural Development-Cooperative Service, to build a fully integrated, algae-to-crude oil commercial demonstration facility in Columbus, New Mexico. 2009, the company was awarded a $54.5-million

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Alon USA receives go ahead for Bakersfield, CA rail terminal and refinery project; Bakken light crude

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Construction of the rail facility is expected to be completed by the end of 2015. Current products include gas oil, gasoline, diesel fuel, and petroleum coke. Alon intends to resume operation of several existing process units under existing permits, including a return to crude oil refining. Background. Alon USA Energy, Inc.,

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