SOURCE: Industrial Info Resources

Industrial Info Resources

October 21, 2014 06:15 ET

New Mexico Sees Boom in Transmission Investments as Permian Oil Production Expands, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Oct 21, 2014) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Strong industrial growth in southeastern New Mexico -- including surges in oil and gas production and potash mining -- has convinced Xcel Energy Incorporated (NYSE:XEL) (Minneapolis, Minnesota) to invest about $557 million in transmission and substation assets there over the next six years. Booming oil and gas production and a robust potash mining business are driving the need for more electricity and increased electric infrastructure.

Within this article: Details on the Hobbs-Kiowa line, the Kiowa-North Loving-China Draw line, the Potash Junction-Roadrunner line, and the Livingston-Sage Brush-Cardinal line.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

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