ENERGY
Wright: Trump administration’s goal to ‘unleash’ US energy production
Energy secretary visits Lea County, tours Urenco and oil production site
EUNICE — One thing was clear during U.S. Energy Secretary Chris Wright’s visit to Lea County on Tuesday — he loves energy.
“I love energy most of all for one simple reason: Because without what you do, modern medicine, movies, everything we do relies on power,” Wright told a full house of Urenco USA employees following a tour of the uranium enrichment facility and a groundbreaking for an expansion of the site as part of his Great American Energy Comeback Tour.
The expansion will double Urenco’s enriched uranium production capacity, which is already producing enough to feed one-third of the nation’s some 88 nuclear power plants.
Wright said more nuclear is on the horizon under the Trump administration and a facility like Urenco’s — the only domestic source of enriched nuclear fuel — is critical to that future.
“We are all in on getting nuclear moving fast again,” he said. “What we care about is safety, not bureaucracy. Nuclear is 20% of our energy. It should be growing. It will be growing. What you produce here is going to fuel the next generation of power plants all over the world.”
Wright pointed out during his visit to the Permian Basin — about 300 miles southeast of Albuquerque — that Urenco produces nuclear fuel and Lea County, its home, is the largest oil-producing county in the nation and would be the 14th-largest oil-producing nation in the world if it were a country.
“I myself, everyone in the administration, the president is thrilled with this commitment,” he told Urenco staff of the expansion. “I hope you realize how important what you do is every day.”
Following the Urenco visit, he toured an oil production battery west of Hobbs operated by Mewbourne Oil Co., the largest privately owned oil producer in the nation with 21 rigs running in New Mexico and 400 New Mexico employees.
Wright heard from Mewbourne staff who said, under the Biden administration, permits to drill on federal lands averaged 580 days to obtain. Today that wait has shrunk to an average 70 days.
“The people at the Carlsbad (Bureau of Land Management) permitting office are excited and happy to be at work. It has been a complete attitude change,” said Bradley Bishop, regulatory affairs liaison for Mewbourne in New Mexico.
Mewbourne staff said the company reuses 87% of its produced water in fracking new wells and captures 99.8% of methane produced — more than the state average of 98%.
“That is tremendous reuse of that water,” Wright said.
Ken Waits, president and CEO of Mewbourne, said the current administration’s policies are not about enriching oil companies, but lowering energy costs for Americans.
Wright agreed.
“I celebrate energy production of all kinds, but oil and gas is the beating heart of the wealthy world,” he said. “In the U.S. more than 74% of our energy comes from two sources — oil and gas. Affordable, reliable, secure energy is the key to a successful society, the key to opportunity and successful lives.”
He said the biggest carbon fuel moving forward will be natural gas.
“From 2010 to today, the fastest-growing source of energy is natural gas,” he said. “Oil is No. 2 and coal is No. 3. The way forward for a better country is … natural gas. It is the cheapest and fastest-growing energy source. Oil is the most important energy source, but the fastest growing is natural gas, but to move it, we need the pipelines and infrastructure to move it.”
During a visit Monday to a drilling rig in nearby Odessa, Texas, Wright talked about the success of Trump’s energy policies.
The Permian Basin’s oil rigs represent over 44% of all active rigs in the U.S., and it’s estimated they’ll produce 50% of U.S. oil by 2027. The region is expected to generate around $350 billion in gross product and provide more than 1 million jobs to the national economy by 2050. If the Permian were its own country, it would be among the top five oil producers in the world.
“Nowhere can the success of President Trump’s energy dominance agenda be better understood than in the Permian Basin,” he said. “America is the largest producer of oil and natural gas in the world, and that achievement is powered by the ingenuity, grit and hard work of American energy workers.”