A New Day at IPANM
State revenue from oil and gas activity soared to a record $3.1 billion in fiscal year 2019, up 41% from the $2.2 billion generated the year before, according to the latest annual report from the New Mexico Tax Research Institute. Industry-generated income accounted for 39% of all general fund revenues, the highest share in recent history.
IPANM's Annual Wildlife in the Oilfield contest has become our most popular annual event and the most popular webpage on this site!
Feel free to submit any new photos that showcase wildlife adapting and benefiting from manmade changes in the oilfield.
The 2019 New Mexico Legislative Session ran from Jan. 15 to Mar. 16, 2019 in Santa Fe.
IPANM actively lobbied legislators and made dozens strategic public comments at legislative hearings on behalf of our members. But the work is not over. IPANM continues to represent members at interim committee meetings and in stakeholder groups throughout the year. Join IPANM to get active in these key meetings!
Check out our latest version of THE INDEPENDENT: The Quarterly Newsletter of the Independent Petroleum Association of New Mexico!
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Carlsbad CurrentArgus (Feb. 12, 2020) - President Donald Trump requested $1.2 billion to fund the BLM in fiscal year 2021, with $199.3 million earmarked for the agency’s Energy and Minerals programs, as fossil fuels and renewable energy generated the highest revenue...
ABQ Journal (Feb. 10, 2020) - Legislators on a key House committee rejected a proposal Monday that called for sharply increasing the gasoline tax as part of an effort to reduce pollution and improve New Mexico’s roads. It would have been phased in over time,...
Carlsbad CurrentArgus (Infrastructure) Feb. 3, 2020 - Three of southeast New Mexico’s most notorious oilfield roads are in for major rebuilds in the coming years as the New Mexico Department of Transportation aims to use surplus state funds from oil and gas revenue to...
The Albuquerque Journal (Jan. 16, 2020) — State revenue from oil and gas activity soared to a record $3.1 billion in fiscal year 2019, up 41% from the $2.2 billion generated the year before, according to the latest annual report from the New Mexico Tax Research...
Global Energy Institute (Dec. 1, 2019) - A recent report from the U.S. Chamber of Commerce’s Global Energy Institute concluded that a ban could cost New Mexico 142,000 jobs and eliminate $86 billion in cumulative gross domestic product through 2025.The state would...
Western Energy Alliance & U.S. Council of Economic Advisors (Dec. 5, 2019) - Oil and natural gas is saving typical U.S. households of four up to $2,500 annually on electricity bills, according to a recent report from the U.S. Council of Economic Advisors. The...
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