Oil and Gas

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