News

NMOGA Statement on the Confirmation of Interior Secretary Deb Haaland

SANTA FE, NEW MEXICO, March 15, 2021 –New Mexico Oil & Gas Association (NMOGA) President Ryan Flynn released the following statement today on the confirmation of Deb Haaland for Secretary of the Interior:

Read more

Governor ‘concerned’ about Biden leasing halt

Stephen Hamway, Albuquerque Journal | March 10, 2021

ALBUQUERQUE, N.M. — Gov. Michelle Lujan Grisham said she is “clearly concerned” about the Biden administration’s recent decision to pause new oil and gas leasing on federal lands.

Read more

Anticipated Federal Restrictions Would Slow Permian Basin Production

Garrett Golding and Kunal Patel, Federal Reserve Bank of Dallas | March 4, 2021

Possible changes to oil leasing and permitting requirements governing federal lands could shift oil production, prompting a realignment of Permian Basin activity between Texas and New Mexico. Half of New Mexico’s production comes from federal acreage in the Permian Basin, and the anticipated actions would slow economic growth, adversely affecting that state's employment and tax collections.

Read more

Oil executives at CERAWeek eye important role for natural gas

Paul Takahashi, Houston Chronicle | March 3, 2021

Natural gas will play an increasingly important role in powering economies as the world transitions to a low-carbon future, oil executives said Tuesday at CERAWeek by IHS Markit, a major Houston energy conference held virtually this week.

Read more

The oil industry is getting greener faster as U.S. policy shifts to climate change

Patti Domm, CNBC | March 3, 2021

The greening of the American oil industry has gone into overdrive.

Dan Yergin, IHS Markit vice chairman, said it’s an important turning point for the fossil fuel sector, which has been anticipating big changes with President Joe Biden’s climate-focused, clean energy policies.

Read more

API's Sommers: Industry essential to U.S.'s success, recovery

Nancy Ford, Business & Industry Connection Magazine | March 1, 2021

According to API President and CEO Mike Sommers, if there was one sustaining lesson learned from the perilous and unpredictable year of 2020, it was that during the U.S.'s most critical time of need, the oil, gas and petrochemical industry workforce proved "day-in and day-out that [they] are essential."

Read more