Oil and gas explorers have leased hundreds of square miles of minerals from south of Galisteo through the Ortiz Mountains to the outskirts of Santa Fe. They have repaired corroded, leaking casings in an old well off HWY 14 near the Galisteo Creek. They have fractured the formation with a new round of chemicals and thousands of barrels of water to release the high-quality "sweet" crude oil trapped by the chemical reactions left from the 1980s. Yes, they did find oil and gas back in the early 1980s. But the boom turned to bust and prices plummeted (The Heritage Foundation). There was no pipeline for the natural gas. This time they have big plans, including pipelines to carry the natural gas. Santa Fe County is bracing for the real possibility of an unprecedented round of oil and gas drilling exploration. However, some are skeptical about the viability of such a project.
Disclaimer: The views expressed are those of Drilling Santa Fe.
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