State Land Office Suspends Leasing of Future Oil & Gas Premium Tracts

State Land Office Suspends Leasing of Future Oil & Gas Premium Tracts

IPANM (Mar. 7, 2024) – The New Mexico State Land Office has abruptly notified the oil & gas industry that all future state premium tract lease offerings will be suspended indefinitely until a 25% royalty increase is approved by the state legislature. The...
IPANM Issues Statement on Governor’s Veto of Small Producer Stripper Well Tax Exemption

IPANM Issues Statement on Governor’s Veto of Small Producer Stripper Well Tax Exemption

IPANM (Mar. 6, 2024) | PDF – The following statement has been released by Jim Winchester, Executive Director of the Independent Petroleum Association of New Mexico regarding Governor Michelle Lujan Grisham’s line-item veto of the bipartisan Stripper Well Tax...
Overzealous Oil & Gas Regulatory Bill Gets Cool Reception

Overzealous Oil & Gas Regulatory Bill Gets Cool Reception

Santa Fe New Mexican (January 19, 2024) – A Senate Finance Committee hearing about an agency budget turned testy Friday as legislators ripped into the potential effects of a House bill dealing with New Mexico’s oil and gas industry. During Friday’s meeting,...