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Oil Boom Expands Across New Mexico and Gas Pipeline Talks
New Mexico reports a rising oil boom with 52 wells statewide including five deeper than 2,000 feet and two beyond 2,700 feet. About 107 wells are under contract and 300 geologists are active. Oil tests cover nearly the entire state with gas shows and four counties McKinley San Juan Chavez Eddy. Lloyd Thomas in Lincoln cites wide Eastern interest in a Lance Creek gas pipeline to Nebraska and Wyoming capitalists. Eastern markets see gas as cheaper to transport than oil, with pipelines discussed to Denver. Midwest and Ohio wells show strong pressure. gas from Lance Creek could be piped to eastern Nebraska. Midwest Oil erects a rig in Lance Creek field.
MENTIONED IN THIS ARTICLE
New Mexico
Albuquerque Journal
McKinley
San Juan
Chavez
Eddy
McKinley County
Taos
Rio Arriba
Lloyd Thomas
Alliance
Lincoln
Nebraska
Lance Creek
Wyoming
Thomas
Sue
Hhat
Midwest
Ohio
Buck Creek Oil Company
Oklahoma
Denver