New Mexico

Facts, Figures & More Info

New Mexico’s oil and natural gas industry employs 15,000 people in jobs that pay about 40 percent more than the average state wage.
Source: Independent Petroleum Association of New Mexico

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Yates Petroleum Corporation

ADDRESS
105 S. 4th Street
Artesia, New Mexico 88210

PHONE
(575) 748- 1471

WEBSITE
www.yatespetroleum.com

Yates Petroleum Corporation has built a legacy of hard work, family values, employee relationships, and strategic partnerships over the past 75 years. Our core methodology has made Yates Petroleum Corporation a pillar in our communities and the petroleum industry. Yates Petroleum Corporation is:

  • A family owned company with over 425 employees in 3 states.
  • A community involved company.
  • Developing our nation’s greatest resource — its’ people.
  • Aggressive in exploration and production.
  • A leader in environmental excellence while promoting a healthy and rigorous industry.
  • The 10th largest oil producer in New Mexico.
  • The 8th largest natural gas producer in New Mexico.

Mack Energy Corporation

ADDRESS
PO Box 960
11352 Lovington Hwy.
Artesia, NM 88210

PHONE
575-748-1288

FAX
575-746-9539

EMAIL
ccarter@mackenergycorp.com

WEBSITE
www.mec.com

Mack Energy Corporation was formed in 1988 as an independent energy company engaged in oil and gas exploration, development and production in southeastern New Mexico.

Mack Energy Corporation was founded by Mack C. Chase who serves as President. Headquartered in Artesia, New Mexico with offices in Roswell, New Mexico, Midland and Ft. Worth, Texas. Mack Energy Corporation and affiliates employee over 900 people. The company’s portfolio of oil and gas properties provides a stable platform for future growth and expansion.

The primary operating area of Mack Energy Corporation is New Mexico and West Texas. The operations are focused on the identification and evaluation of prospective oil and gas properties and the contribution of capital projects that have the potential to produce oil or gas prospects to build reserves, production and cash flow.

Technological advances in recent years have opened new possibilities for exploration. We strive to take advantage of these advances and stay abreast of the newest technology to insure that our company is a forerunner in the quest for energy for many years to come.

Merrion Oil and Gas

ADDRESS
610 Reilly Ave
Farmington, NM 87401

PHONE
(505)-324-5300

FAX
(505)-324-5350

WEBSITE
www.merrion.bz

Risking it all, J. Greg Merrion quit his job, moved his young family from Midland, TX to Farmington, NM, then begged, borrowed, and scraped together enough money to drill the Edna 1 (a Gallup oil well named after his mother). The successful well beat back the creditors, and was the “big bang” that began the evolution from J. Greg’s dream into the company that would become Merrion Oil & Gas.

In the early years, J. Greg partnered with fellow independent Bob Bayless, and with a little spit, grit, and a string of hits, they survived the vicious cycles of the industry and built up their company. In addition to drilling shallow development wells in northwest New Mexico’s San Juan Basin, Merrion and Bayless purchased producing wells in the San Juan Basin and in fields in Colorado, Arizona, Wyoming, and Utah.

As the second generation entered the fray, the succesful duo decided to amicably part ways. In 1992, J. Greg officially laid down his slide ruler and handed the reigns over to his eldest son, T. Greg. J. Greg continued to serve as Senior Advisor until his death in 2002. T. Greg has served as President and Chairman of the Board since 1992. J. Greg’s son Mike, is a geologist for the company. J. Greg’s wife, Rita, and their other children, Mark, Neil, and Anne, are stockholders and directors, but are not employed at the company. J. Greg and Rita’s nine grandchildren, Brittany, Ryan, Samantha, Tori, Sara Lyn, Hannah, Molly, Ned, and Eliza are also stockholders.

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