New EPA Rules impacting Oil and Gas Industry

EPA400x400On May 12, 2016, EPA issued a suite of final rules with significant new requirements for the oil and natural gas industry. The agency also took the first step toward regulating methane emissions from existing oil and gas sources, issuing a draft Information Collection Request requiring companies to provide extensive information that will help EPA determine how to best reduce emissions from existing sources. More information can be found here:

Banning fracking would be the wrong move

By Paul Gessing-Rio Grande Foundation President-Saturday, April 9th, 2016 12:19am-Albuquerque Journal.

Given the challenges facing New Mexico’s economy – and with the price of gasoline on the rebound – we at the Rio Grande Foundation expressed our view that the citizens and political leadership in Sandoval County should have given SandRidge Energy a fair hearing over their desire to drill an exploratory well in the county. Unfortunately, that did not happen and SandRidge left.

Now, out-of-state environmental groups, including Food and Water Watch, the Sierra Club and Environment New Mexico, are pushing a complete moratorium – five years in duration – on oil and gas drilling within Sandoval County. These groups are philosophically opposed to the traditional sources of energy that fund one-third of New Mexico’s budget.

There are no unusual issues with drilling for oil and gas in this part of Sandoval County. Rather, there is a political opportunity to capitalize on fear of the unknown to advance their anti-energy agenda.

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