Mora Decision Bad for New Mexico

By Joseph Montes.

bigstock-A-yellow-welcome-to-New-Mexic-36715054The Mora County Commission has turned its back on New Mexican families, school students and the unemployed to embrace the environmental lobby with open arms. In a recent decision that has left many residents scratching their heads, the commission decided to ban oil and natural gas development in their county. With the New Mexican oil and natural gas industry serving as a primary engine for both the state’s economic recovery and public-school funding, blocking drilling has severed people in that area from employment opportunities, property rights, and additional education funding. Read Entire Article Here

Japan Looks at New Mexico as natural gas source

ALBUQUERQUE (KRScreen shot 2013-05-13 at 12.24.43 PMQE) – New Mexico’s struggling natural gas industry could get a big boost from Japan. The massive 2011 earthquake and tsunami devastated Japans’ Fukushima Daiichi nuclear plant. Japan is now looking for new sources of energy, and natural gas is high on the list. Read and Watch the Full Story Here

Export LNG for Economic Benefit to New Mexico

Exporting Liquefied Natural Gas Would be Immediate Economic Boon for New Mexico

by Paul Gessing, May 3, 2013.

bigstock-Lng-Carrier-Ship-For-Natural-G-2697466If the Obama Administration approves liquefied natural gas (LNG) exports to non-free trade nations (those that do not have separate trade agreements with the United States), New Mexico could see an immediate increase in economic output of $200 million and the addition of 2,000 jobs according to a new Rio Grande Foundation analysis of publicly-available data.

To come to its conclusions regarding the jobs and economic input of natural gas exports, the Foundation relied on data available from IHS Global Insight which stated that “exports would create over 100,000 direct, indirect, and economy wide jobs and have an immediate impact resulting in between $3.6 and $5.2 billion in potential revenues.”

Read Entire Report Here

Governor Susana Martinez Announces Cabinet Appointments at New Mexico Environment Department and Energy, Minerals & Natural Resources Department

April 15, 2013
SANTA FE – Today, Governor Susana Martinez announced two appointments to cabinet secretary positions in her administration. New Mexico Environment Secretary F. David Martin will move to the position of Cabinet Secretary for the New Mexico Energy, Minerals & Natural Resources Department. Martin will fill the vacancy of current Secretary John H. Bemis, who will retire on April 16th.

Click here to read press release from Governor’s office

State of New Mexico Revenue from Oil and Gas Industry Fiscal Year 2012

NMRevenueSmallHere is a chart of how taxes and royalties flow directly from the oil and gas industry into the coffers of the State of New Mexico and local government entities. The chart does not include income taxes, payroll taxes, gross receipts taxes, or compensating taxes from oil and gas operators. The chart also does not include indirect tax impacts such as income and other taxes from service and support companies.

Click here to Download a PDF Version of the Chart

New Mexico Oil and Gas Industry Working to Protect Lesser Prairie Chicken

New Mexico Oil Production on the Rise

New Mexico oil production is on pace to reach 80 million barrels for 2012. You have to go all the way back to 1978 and 1979, to see production levels in this range. The increased trend in production shows up in reports on both the federal government’s Energy Information Administration website and the New Mexico Oil Conservation Division website. The increase in production is one of the main reasons economists are forecasting that $283 million in new funds will be available for the state in the upcoming legislative session.

Albuquerque Company Part of Domestic Oil Boom

The oil industry across the United States is booming, and Albuquerque based company Wellkeeper is right in the middle of the action.  Even though there isn’t a oil well within hundreds of miles of the company’s headquarters, this company is helping the industry to grow by providing remote measuring and monitoring services from Wellkeeper’s Albuquerque offices.  Learn more by listening to the interview of Jim Taylor, Wellkeeper, Chief Operating Officer.

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Link to Ann McElhinney on Jim Villanucci show

Ann McElhinney

 

Click here to listen to Ann McElhinney on the Jim Villanucci show on 770 KOB radio – originally aired on October 8, 2012

BP Donates $4 million to San Juan College School of Energy

FARMINGTON, NM – BP America Production Company today announced a $4 million donation to San Juan College to help build a new facility for students pursuing careers in energy-related fields.

BP’s gift to the School of Energy is designed to help meet growing workforce development needs in the San Juan Basin’s energy industry and across onshore production businesses in North America.

The gift will go towards the development of a new building on the Farmington campus in a location yet to be determined, as well as state-of-the-art curriculum and training courses in disciplines ranging from natural gas to solar power.

“We are extremely grateful for BP’s generosity and partnership in this endeavor,” said Dr. Toni Pendergrass, President of San Juan College. “With BP’s support, the investment will bring new revenues to local businesses, while at the same time expanding the current tax base and revenues for the state of New Mexico.”

The School of Energy has already created one of the most successful technical education and training programs in North America. It graduates approximately 250 students per year in associate degree and certificate energy-focused programs, while training over 7,000 individuals per year in various industry curricula.

With their accredited Natural Gas Compression and Lease Operator program, students are able to earn an Associate Degree or certification. In addition to natural gas production, the School of Energy offers programs in commercial driving licensure (CDL), solar energy, and occupational safety.

BP’s donation, to build a new “BP School of Energy” facility, will enable the School of Energy to meet growing workforce training needs in the industry, expanding opportunities for students and employers alike.

BP currently recruits employees from the School of Energy, and sends employees to the College for an eight-day “Jump Start Immersion Program.”

“The School of Energy is leading BP’s onshore workforce development program,” said Tim Harrington, BP’s North America Gas Regional President. “The programs offered here at San Juan College will prepare students well to ensure the safety of people and the protection of the environment in natural gas development.”

In addition to the initial $4 million donation provided by BP, San Juan College’s governing board has pledged $2 million toward the project. The San Juan College Foundation will initiate a capital campaign, and once the Foundation raises an additional $3 million, BP has pledged to match another $1 million.

“The San Juan College Foundation Board is excited to join BP’s effort in furthering the training capacity of the School of Energy,” says Gayle Dean, SJC Foundation executive director. “Thanks to the longstanding partnership between BP and the School of Energy and a generous community, this joint endeavor will benefit the community and energy workforce in countless ways now and in the future.”
“New Mexico is a leader in energy production and this investment will provide an important boost to our state’s economy,” said Governor Susana Martinez. “With a talented workforce and a commitment to responsible development of our resources, New Mexico and San Juan County are a perfect home for BP’s training efforts.”