Oil and Gas

Greenhouse Gas Reduction Bill Stalls In Committee

81 Views  Â A bill that would have established new statewide greenhouse gas emission standards has stalled out in the Senate Conservation Committee and is dead for the session. The bill introduced by Senate Pro-Tem Mimi Stewart would have set statewide greenhouse gas emissions at least 50-percent less than 2005 levels

Why have gas prices risen so quickly?

433 Views  Â ALBUQUERQUE, N.M. — For weeks, we’ve been talking about how the war overseas is impacting gas prices here at home, but why have prices risen so quickly? And, what is the process from oil in the ground to the pump?

UNM LEAF meets with attorney general’s office on divestment complaint

257 Views  Â Official review on the legality of the University of New Mexico Foundation’s indirect investment in fossil fuel companies is ongoing, and the UNM Leaders for Environmental Action and Foresight aren’t giving up. After an initial intake meeting with the office of the attorney general on Dec. 17, 2021,

Exxon Mobil rolls out plan to cut emissions in Permian Basin

261 Views  Â ALBUQUERQUE, N.M. (AP) – Exxon Mobil says it has a plan for cutting greenhouse gas emissions from its operations in one of the most prolific oilfields in the United States, saying it hopes to achieve its net-zero goal for operations in the Permian Basin by 2030.

Educators across New Mexico denounce oil and gas campaigns

221 Views  Â Over 200 educators in New Mexico, from early childhood teachers to college professors, signed a letter calling on the New Mexico Oil and Gas Association to stop using disingenuous public campaigns to promote more oil and gas development. These educators want the expansion of revenue sources and lessened dependence on the fossil

Increased New Mexico earthquakes likely tied to oil and gas industry

457 Views  Â 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

399 Views  Â 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

Economists detail recovery of New Mexico oil production

299 Views  Â 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

Senators press Interior Secretary Haaland on oil lease pause

210 Views  Â WASHINGTON (AP) — Both Republican and Democratic senators are pressing Interior Secretary Deb Haaland for answers after a federal court blocked the Biden administration’s suspension of new oil and gas leases on federal lands and waters.