News

Paul J. Gessing, Las Cruces Sun News | April 24th, 2022New Mexico is in a unique of economic situation. Despite having the highest unemployment rate in the nation for all of 2022, our incredibly strong oil and gas industry, buoyed by high prices and rapid production growth, have given politicians in Santa Fe “more money than they know what to do with.” So, in the recent 30-day session we saw spending grow by more than $1 billion and some significant tax cuts. Then, in a special session, rebates to be paid out to taxpayers and non-taxpayers alike.

Scott Wyland, Santa Fe New Mexican | April 23rd, 2022These two things are indisputable: Greenhouse gases are warming the planet, and the fossil fuel industry is a large source of these emissions.

New Mexico’s oil and gas producers are actively utilizing and developing advanced technologies to reduce emissions. Here are some examples:

This Earth Day, we want to underscore the importance and value of New Mexico energy to our state and the country, while recognizing the significant progress and investments made in delivering cleaner, more reliable energy.

Rystad Energy, OilPrice.com | April 21st, 2022Gas flaring activity in the global upstream sector sunk last year to its lowest level in a decade due to improved productivity, increased environmental awareness, and lower fuel demand caused by Covid-19 lockdowns and travel restrictions, Rystad Energy research shows. Estimates show upstream flaring emitted about 276 million tonnes of carbon dioxide (CO2) in 2021, down marginally from 283 million tonnes in 2020, continuing a downward trend since the onset of the Covid-19 pandemic.

Nick Sobczyk and Scott Streater, E&E News | April 19th, 2022The Interior Department’s move to resume onshore oil and gas leasing and hike royalty rates is scrambling the political talk around energy production after months of efforts by congressional Democrats to overhaul federal drilling.