The massive bleeding in New Mexico’s oil and gas industry has subsided, thanks to
modest recovery in prices, but producers don’t expect a major comeback anytime soon.
“Overall, the view is still pessimistic, at best,” said Gregg Fulfer, Lea County Commission chair and owner of Fulfer Oil and Cattle Co. in Jal. “People have cut back, and there are no plans that I can see to gear back up yet.”
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Monday, July 4th, 2016