New Mexico's energy resources '81. Annual report of Bureau of Geology in the Mining and Minerals Division of New Mexico Energy and Minerals Department

Technical Report · Thu Jan 01 04:00:00 EST 1981

OSTI ID:5902299

Arnold, E C; Hill, J M ^[1]

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1. comps.

Although production of U/sub 3/O/sub 8/ declined only slightly in 1980, New Mexico's share of domestic production has declined from 48% in 1976 to 35% in 1980. Production projections indicate a continued decline in 1981 and lower production until at least 1984. New Mexico has 41% of total domestic reserves producible in the $50-per-lb cost category. In keeping with the anticipated steady depletion of reserves, production of crude oil in New Mexico was 69.9 million bbls, a 6.3% decline in production from 1979. Condensate production of 5.4 million bbls in 1980, however, represented an increase of 7% from 1979 production. Although natural gas production was the lowest since 1970 and declined by 2.6% from 1979 production, 1980 was the 15th year that production exceeded 1 trillion cu ft. Despite declines in production, the valuation of oil and gas production has increased significantly with oil sales doubling from the previous year and gas sales increasing by $409 million because of higher prices. Reserves have been estimated to be 959 million bbls of crude oil and 17.667 trillion cu ft of natural gas. Production of 19.5 million short tons of coal in 1980 represented a 33% increase over 1979 production and an increase of 157% since 1970. Coal resources in New Mexico are estimated to be 180.79 billion short tons, and production is projected to increase to 39.61 million tons in 1985 and 67.53 million tons in 1990. The most notable developments in geothermal energy have been in technical advances in drilling, testing, and applications, especially in the area of hot dry rock systems. The U.S. Bureau of Land Management has issued 113 geothermal leases that remain active. Recent geothermal exploration activity has been detailed for 21 companies.

• Research Organization: New Mexico Energy and Minerals Dept., Santa Fe (USA)
• OSTI ID: 5902299
• Report Number(s): NP-2901535; ON: DE82901535
• Country of Publication: United States
• Language: English

Related Subjects

01 COAL, LIGNITE, AND PEAT
011000 -- Coal
Lignite
& Peat-- Reserves
Geology
& Exploration
02 PETROLEUM
020100 -- Petroleum-- Reserves-- (-1989)
03 NATURAL GAS
030100 -- Natural Gas-- Reserves-- (-1989)
050100* -- Nuclear Fuels-- Reserves
Exploration
& Mining
11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS
15 GEOTHERMAL ENERGY
150100 -- Geothermal Energy-- Resources & Availability
29 ENERGY PLANNING, POLICY, AND ECONOMY
290400 -- Energy Planning & Policy-- Energy Resources
ACTINIDE COMPOUNDS
CARBONACEOUS MATERIALS
CHALCOGENIDES
COAL
COAL RESERVES
DATA
DATA COMPILATION
ENERGY
ENERGY SOURCES
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GEOTHERMAL ENERGY
INFORMATION
MATERIALS
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
NEW MEXICO
NORTH AMERICA
NUMERICAL DATA
OXIDES
OXYGEN COMPOUNDS
PETROLEUM
PETROLEUM DEPOSITS
PRODUCTION
RENEWABLE ENERGY SOURCES
RESERVES
RESOURCE ASSESSMENT
RESOURCE DEVELOPMENT
RESOURCES
SOUTHWEST REGION
URANIUM COMPOUNDS
URANIUM OXIDES
URANIUM OXIDES U3O8
URANIUM RESERVES
USA