News

Eddy County commissioners approve industrial revenue bond

Eddy CountyDeJanay Booth | Carlsbad Current-ArgusPublished | November 7, 2017

Eddy County Commissioners unanimously approved an industrial revenue bond for a company planning to build and operate a natural gas plant within the county. 

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The New Mexican: Here They Go Again

In a presidential debate in the 1980s, Ronald Reagan famously responded to Jimmy Carter with the phrase “There you go again.”

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Udall & EDF Proposal Would Eliminate Jobs, Over $750 Million in State Revenue for Schools, Health Care and Public Safety

UdallRobert McEntyre | NMOGA | November 9, 2017

SANTA FE, NM – Today, New Mexico Senator Tom Udall joined political activist group Environmental Defense Fund in pressuring regulators to adopt devastating rules on New Mexico oil and gas producers. The rules are estimated to cut oil and gas production, resulting in more than $750 million in lost general fund revenue for New Mexico schools, health care, and public safety. The loss in production could also eliminate 2,200 oil and gas jobs and as many as 5,390 direct and indirect full-time jobs.

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Trump's approach to oil and gas: a new course in the San Juan Basin

imageDaniel Fine | Energy Magazine | October 30, 2017

It has been 70 years since a President of the United States has considered domestic oil and gas as a “power” in world affairs. With Secretary of the Interior Ryan Zinke charting a new course, the Trump Administration is considering a transfer of Federal Land management with natural resources to the Western States.  

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Report on EPA Data Shows 47% Decline in Methane Emissions in the Four Corners Area Since 2011

nmoga_graph4x4-01.pngSANTA FE, NM – A new analysis of data from the United States Environmental Protection Agency shows methane emissions from oil and natural gas production in the Four Corners area are on the decline. The energy publication Energy in Depth analyzed data collected from 2011 to 2016 by the EPA’s Greenhouse Gas Reporting Program and shows a decline of methane emissions by 47%, from 8.6 Million Metric Tons CO2e in 2011 to 4.6 Million Metric Tons CO2e in 2016.

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Oil and gas lease sale nets almost $8M in southeast New Mexico

rigAdrian C. Hedden | Carlsbad Current-Argus | October 24, 2017

The State of New Mexico made just shy of $8 million in October’s oil and gas lease sale, with dollars going to public schools, the New Mexico Military Institute and water conservation.

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