Sharpe:  Proposed Bonding Rule Will Cost Jobs and Revenue

Sharpe: Proposed Bonding Rule Will Cost Jobs and Revenue

By George Sharpe Oct 26, 2025 In 2000, Merrion Oil & Gas acquired 20 low producing wells from ConocoPhillips. Today, those wells have generated 25 years of jobs, royalties and tax revenue. However, under a new bonding rule being considered in the state, those...
Sen. Larry Scott Opens Public Comments In WELC Hearing

Sen. Larry Scott Opens Public Comments In WELC Hearing

IPANM (October 20, 2025) – IPANM would like to thank Sen. Larry Scott and all of the many state legislators who have submitted oral and written comments AGAINST the WELC Rulemaking for new Financial Assurance Bonding Levels and new OCD Authority to reject...
IPANM:  Industry Plugs Its Wells; Enviros Just Want To Kill Independents

IPANM: Industry Plugs Its Wells; Enviros Just Want To Kill Independents

Industry Plugs Its Wells; Enviros Simply Want To Kill Off Independent Producers Beginning October 20th, the New Mexico Oil Conservation Commission will stage a rulemaking to consider proposals by radical environmental groups to impose significant new costs on...
Land Office Releases Bonding Draft Without Industry Input

Land Office Releases Bonding Draft Without Industry Input

IPANM & SLO (October 3, 2025) – Prior to the 2025 Legislative Session, the State Land Commissioner threatened to raise state lease bonds if her Royalty Rate Increase bill bill wasn’t passed. Well, the Royalty Rate Increase Bill did pass, and apparently...
IPANM Files Rebuttal Testimony Against Bad Bonding Rule

IPANM Files Rebuttal Testimony Against Bad Bonding Rule

IPANM (Sept. 19, 2025) – Today, IPANM filed all of its witness rebuttal testimony to the Oil Conservation Commission regarding Western Environmental Law Center (WELC)’s Rulemaking Petition to raise financial assurance levels on state lands. These IPANM...
IPANM Files Rebuttal Testimony Against Bad Bonding Rule

IPANM, Industry File Motion To Dismiss Rulemaking

IPANM (Sept. 15, 2025) IPANM and NMOGA have filed a motion to dismiss the entire WELC Rulemaking Hearing regarding new proposed Financial Assurance Bonding levels and new authority to cancel well acquisitions. The Motion to DismissĀ  is based on many factors, including...