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Oil patch woes are bleak news for NM

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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By Kevin Robinson-Avila, Journal Staff Writer

Monday, July 4th, 2016