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Carlsbad’s annual Energy Summit to tout Permian Basin oil production

Permian Basin oil and gas producers continued to lead the industry this year, producing almost half of the U.S.’ onshore crude oil during a time of growth for fuel demand throughout the world.

That’s why Carlsbad, located within the active western Delaware sub-basin of the Permian planned to host its annual Mayor’s Energy Summit Oct. 20 at the annex of the Walter Gerrells Performing Arts Center.

Each year, the fall event draws industry leaders and executives to Carlsbad for a day of discussion on market trends and objectives of oil companies in the area.

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This year, Hanson Yates of Santo Petroleum, one of the first operators to discover oil in southeast New Mexico, will provide a history of drilling in the region, while other speakers representing energy producers and trade associations will address the theme of “The Permian as a Resource.”

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