The article delves into the complexities of the oil industry in New Mexico’s San Juan Basin, one of the oldest federal lands drilling areas in the U.S. The region, dotted with pumpjacks, has seen a decline in major international companies like Chevron and BP over the past decade, with many shifting focus to more productive shale drilling areas. Despite this, smaller independent operators like Dugan Production see untapped potential for another boom in the basin.

However, the optimism for higher profits has been overshadowed by fears of a recession, exacerbated by President Trump’s trade war. The uncertainty stemming from tariffs has raised concerns among industry executives like George Sharpe, who highlights the challenge of drilling new wells amid economic instability.

Local drillers, including Sean Dugan, face rising costs due to trade policies, impacting their business operations. The article also touches on the community’s mixed sentiments towards Trump’s energy policies, with hopes for increased infrastructure development while grappling with the transition away from oil and gas dependency.

As the region navigates these challenges, efforts to diversify into tourism and outdoor recreation are underway, albeit with lower-paying job prospects. Despite the uncertainties, workers like Alex Prieto find solace in their current roles, highlighting the importance of job stability in an industry facing shifting dynamics.

Overall, the article provides a nuanced look at the evolving landscape of the San Juan Basin’s energy sector amidst broader economic and political uncertainties.