U.S. Oil, Natural Gas Industry Warns of Economic, Environmental Fallout from Biden Freeze of Federal Leasing
Andrew Baker, Natural Gas Intelligence l January 22, 2021
The Biden administration has frozen awarding new oil and gas drilling permits, as well as leases on federal onshore and offshore property, for 60 days, likely heralding more permanent limits to be enacted down the road.
News Release: NMOGA Statement on Suspension of Federal Oil and Gas Leasing and Permitting
SANTA FE, NEW MEXICO, January 21, 2021 –New Mexico Oil & Gas Association (NMOGA) President Ryan Flynn released the following statement today following the Acting Interior Secretary’s sixty day Temporary Suspension of Delegated Authority:
Four Corners Oil And Gas Community Steps Up And Provides COVID19 Supplies And Scholarships To Local Native American Communities
Logos Resources LLC, PRNewswire l January 20, 2021
FARMINGTON, N.M. -- The 4Corners Chapter of the API has led the 4Corners API COVID19 Tribal Relief Project to rapidly supply urgently needed health products to Native American communities in the Four Corners Region, which have been some of the earliest and hardest hit communities in the nation. Stepping up in a time of community need, members of the energy industry in the Four Corners Region quickly contributed more than $60,000, which has been used to procure and distribute more than 15,500 facemasks, 75,000 ounces of sanitizer and disinfectant, 800 cases of bottled water, and other community-health-supporting supplies, and to create scholarships for members of impacted Native American communities.
City of Carlsbad update: Supporting southeast New Mexico's economy in the upcoming legislative session
Dale Janway, Carlsbad Current Argus l January 18, 2021
There are a lot of changes during this year’s legislative session in New Mexico – new elected officials and new policies in place for holding the session during the COVID-19 pandemic. However, some things haven’t changed, including the effort by some elected officials to take aim at the oil and gas industry.
Read moreOil and gas contributed $2.8 billion to state’s economy in FY20
Mike Cook, The Las Cruces Bulletin l January 15, 2021
A new analysis from the nonpartisan New Mexico Tax Research Institute reports state revenue from oil and natural gas production in New Mexico totaled $2.8 billion in FY20, accounting for 33.5 percent of total state spending, the New Mexico Oil and Gas Association (NMOGA) said in a news release.
Read moreStudy shows potential economic pain in New Mexico if fracking is banned on federal lands
Tim Benson, The Heartland Institute l January 14, 2021
$62 Billion In Lost Tax Revenue, $85 Billion In Lost Income, $207 Billion In Lost Value Added Through 2040
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