ExxonMobil Corp.’s development of its Permian resources could yield $64B for the state of New Mexico, according to a study conducted for the company. ExxonMobil Corp.’s development of its Permian Basin resources could yield $64 billion for the state of New Mexico, according to a study conducted for the company. Findings from the study, done by Impact Data Source, found that the focus on the Permian would generate $64 billion in net economic benefits for the state and local communities for the next 40 years. With an assumed oil price of $40 per barrel, the study said the state government would receive $44 billion from new leases and royalties and $8.5 billion from state oil and gas severance taxes. “The Permian Basin is the engine of America’s energy renaissance and New Mexico residents will see direct economic benefits and opportunities from our planned investments,” Exxon CEO Darren Woods said […]