News

News Release: Oil and Natural Gas Contributed $2.8 Billion to New Mexico Budget in FY 2020

SANTA FE, NEW MEXICO, December 21, 2020 – 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 fiscal year 2020, accounting for 33.5% of total state spending. Despite lower commodity prices throughout the spring of 2020, record production kept the oil and
gas revenue at the second highest total ever reported.

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Ban on federal oil and gas leasing could cost New Mexico, U.S. economies billions

Adrian Hedden, Carlsbad Current-Argus l December 18, 2020

As President-elect Joe Biden prepares to take office in January, environmental groups sought to hold the Biden administration accountable for campaign promises to ban new oil and gas leases on federal land and potentially end the practice of hydraulic fracturing or fracking.

 

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NMOGA Statement on the Nomination of Rep. Deb Haaland for Secretary of the Interior

SANTA FE, NEW MEXICO, December 17, 2020 –New Mexico Oil & Gas Association (NMOGA) President Ryan Flynn released the following statement today in response to President-elect Biden’s nomination of United States Representative Deb Haaland for Secretary of the Department of the Interior:

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Study finds “significant fiscal and economic losses” for western states under a federal lands fracking ban

William Allison, Energy In Depth l December 16, 2020

A fracking ban on federal lands like the one advocated by the Biden presidential campaign would severely harm the economies of eight western states, according to a new study by the Wyoming Energy Authority.

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The Environmental Partnership Launches New Program to Reduce Flaring

News Release, American Petroleum Institute | December 16, 2020

WASHINGTON, December 16, 2020 – The Environmental Partnership today announced the launch of its latest performance program, which is focused on reducing flaring in upstream operations. The flare management program expands on Environmental Partnership’s core mission — which recently added midstream operations and represents over 70 percent of total onshore U.S. oil and natural gas production — to share information on best practices, advance new and proven technologies, foster collaboration to reduce emissions and collect data to inform efforts to minimize flaring.

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Ban on Public Lands Would Cost Economy $670 Billion Over 20 years

NMOGA Press Release | December 15, 2020

A ban on oil and natural gas development on public lands by President-elect Joe Biden would severely harm the economies of eight western states, according to a Wyoming Energy Authority study conducted by University of Wyoming Professor Tim Considine.

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