Oil and Gas

Why have gas prices risen so quickly?

341 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

164 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

155 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

132 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

344 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

298 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

217 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

129 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.

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

137 Views  Â 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

NM politicians split on future of gas and oil industry

169 Views  Â 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.