Oil and Gas

Increased New Mexico earthquakes likely tied to oil and gas industry

Earthquake activity has increased dramatically in southern New Mexico likely due to injection wells in the Permian Basin. These are used to store wastewater that comes is produced during oil and gas drilling. Jerry Redfern covers the industry here for Capital & Main and he broke that story.

New Mexico Governor thanks oil & gas, cheers hydrogen plans

SANTA FE, N.M. (AP) — New Mexico Gov. Michelle Lujan Grisham is thanking attendees of the New Mexico Oil And Gas Association’s annual meeting for their contributions to the economy. Fossil fuel mining is the largest government revenue source and directly funds education. Lujan Grisham also pledges to continue stricter

Economists detail recovery of New Mexico oil production

ALBUQUERQUE, N.M. (AP) — Legislative analysts say New Mexico is the only top oil-producing state to have recovered to pre-pandemic levels of production. But they warned a panel of state lawmakers during a meeting Wednesday that the market remains volatile and they should take care not to grow the state’s

Federal judge blocks Biden’s pause on new oil, gas leases

NEW ORLEANS (AP) — A federal judge in Louisiana has ordered an end to the Biden administration’s suspension of new oil and gas leases on federal land and water. The judge ruled Tuesday in a lawsuit by Louisiana’s attorney general and officials in 12 other states. Those states say the

NM politicians split on future of gas and oil industry

Politicians from both sides of the aisle are now coming out against President Joe Biden and Interior Secretary Deb Haaland’s pause on new oil and gas leases. Some Democrat lawmakers showed their support. This is on federal lands and waters and the issue impacts New Mexico.

Bill aims to exempt New Mexico from Biden’s ban on new oil and gas leases

President Biden’s moratorium is raising concerns across the state, where numerous public programs, rely on the oil and gas industry’s success. U.S. Congresswoman Yvette Herrell introduced legislation that would exempt oil and gas development on federal lands in New Mexico from President Joe Biden’s moratorium. The bill is called “Protecting New