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information & issues

Welcome to IPANM’s Information & Issues webpage!

IPANM is not afraid to take strong stances on many current issues threatening our industry. We have to! Seemingly minor changes to regulations or rules can have a major impact on the financial solvency of our small oil & gas producers. While we will never compromise on our duties to protect human health, fresh water and the environment in our daily activities, we will fight unnecessary government overreach when new regulatory proposals are not based on sound science and do little to protect the environment.

Below, we’ve identified serious issues facing our producers. Please click on the corresponding button to learn more about each issue and IPANM’s stance on the issue. (Note: Some of this content may be restricted for members only. To access this exclusive content, please join our association!)

Methane
Infrastructure
Hydraulic Fracturing
Produced Water
Cultural Properties
Royalties
Industry Benefits
Setbacks & Chaco Canyon
Administrative Penalties
Injection Wells
Endangered Species
Horizontal Drilling Rule
Drilling & Leasing
Spill Rule
Financial Assurance
Seismicity
Endangered Plants
Anti-Industry Politics

RECENT NEWS: All Issues

Proposed Methane Fee Remains Intact in US Senate's Draft Reconciliation Bill
S&P Global (Dec. 17, 2021) - A proposal to impose a fee on methane emissions has thus far survived lawmakers'
Smaller, Independent Oil & Gas Producers Leading Permian Growth
Carlsbad Current-Argus (Dec. 5, 2021) -  As global energy companies target the oil-rich Permian Basin in southeast New Mexico and
New Mexico Breaks Record in Oil and Gas Revenue in FY21
Albuquerque Business First (Dec. 3, 2021) -  New Mexico’s oil and gas industry has shown no signs of slowing down,
Already Burdensome Federal Methane Rule Could Get Worse
IPANM (Dec. 1, 2021) - An ambiguous, repetitive, and overly burdensome proposed Federal Methane rule proposed by the Biden Administration
New Mexico Issues Well Restrictions After Seismic Activity
ABQ Journal (Nov. 29, 2021) - New Mexico has placed stricter rules on oil field wastewater injection wells in the
FIMO Reschedules Lease Sale on Navajo Lands
IPANM received the following last week regarding an upcoming lease sale on Navajo Lands: FIMO Competitive Oil and Gas Lease
New Mexico Regulators Aim To Limit Seismic Activity
KRQE & AP (Nov. 27, 2021) — New Mexico oil and gas regulators are watching closely as increased seismic activity
Biden's First and Maybe Last Gulf Oil Sale Draws Big Bids
Bloomberg (November 17, 2021) - Bloomberg. Oil companies spent $191.7 million buying drilling rights in the Gulf of Mexico on
Federal Judge Grants Injunction on Biden's Oil, Gas Ban on Federal Lands
Breitbart (November 17, 2021) - A federal judge on Monday issued a nationwide injunction on President Joe Biden’s executive order
Lujan Grisham to Propose Gross Receipts Tax Cut
ABQ Journal (November 17, 2021) - Outlining her priorities as she enters a critical election year, Gov. Michelle Lujan Grisham
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Hot Topics

Wildlife in the Oilfield
Industry Benefits
Legal Challenges
Sign Up for Updates

 

Members

Join IPANM
Member Benefits
Map of Members
Password Reset

 

News

Oil & Gas Newsroom
Member Newsroom
Newsletters
Regulatory Updates

Annual Meeting

2025 Meeting Info
2025 Golf Outing
2025 Sponsors
Sponsor An Event

 

 

 

 

About IPANM

Who We Are
Our Board
Administrative Staff
Contact Us

Web Tools

Calendar
Memberzone
BillTrack 50
Facebook Page

Independent Petroleum Association of New Mexico

IPANM Administrative Offices
P.O. Box 6101, Roswell, New Mexico, 88202
Bus. - 575-622-2566 | Fax. - 575-622-2566

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Independent Petroleum Association of New Mexico

IPANM Administrative Offices
P.O. Box 6101, Roswell, New Mexico, 88202
Phone 575-622-2566

Search

Website designed by Siarza Social Digital

Natural Gas

WTI Crude Oil

S&P Global (Dec. 17, 2021) – A proposal to impose a fee on methane emissions has thus far survived lawmakers’ wrangling over the Build Back Better Act, as Democrats on the US Senate Environment and Public Works Committee included it in draft text of their portion of the party’s $1.75 trillion economic and climate plan unveiled Dec. 16.

The Build Back Better Act, passed by the US House of Representatives last month, is central to President Joe Biden’s goal of cutting the nation’s greenhouse gas emissions in half by 2030 measured against 2005 levels and zeroing out economywide emissions by midcentury.

Proposed Methane Fee Remains Intact in US Senate’s Draft Reconciliation Bill

 

Carlsbad Current-Argus (Dec. 5, 2021) –  As global energy companies target the oil-rich Permian Basin in southeast New Mexico and West Texas for future growth in their extraction operations, a recent study showed smaller, independent producers lead growth in the region over the last few years amid a boom in fossil fuel development.

While major energy producers like ExxonMobil and Chevron tend to long-term target extraction projects throughout the world, independents typically focus on driving faster profits from specific oil-producing areas like the Permian and smaller operations. Independents tend to only focus on one sector of the oil and gas supply chain, such as exploration and production, while the majors fully integrate to include production, processing, refining or distribution.

The Institute for Energy Economics and Financial Analysis reported in a recent study that independent oil and gas producers were leading the Permian in production even as larger companies seek to grow operations in the region.

Smaller, Independent Oil & Gas Producers Leading Permian Growth

 

Albuquerque Business First (Dec. 3, 2021) –  New Mexico’s oil and gas industry has shown no signs of slowing down, despite a pandemic that has affected nearly every industry.

A new report from the New Mexico Tax Research Institute and New Mexico Oil and Gas Association this past week revealed that the industry produced a record-breaking $5.3 billion in revenue in fiscal year 2021 for state and local governments — an increase of $557 million from the previous fiscal year.

“Historic revenue equals historic opportunity, and that is great news for teachers and students, critical first responders and health care workers, and each and every New Mexican across this state,” NMOGA president and CEO Leland Gould said in a prepared statement.

The record-breaking fiscal year in the oil and gas industry included an increase in general fund money for the state.

The $2.96 billion raised for the general fund in FY21, which is typically used to fund public institutions and other state projects, was $152 million higher than in FY20. The money from oil and gas makes up 35% of the general fund, according to the report.

New Mexico Breaks Record in Oil and Gas Revenue in FY21

 

 

 

 

IPANM (Dec. 1, 2021) – An ambiguous, repetitive, and overly burdensome proposed Federal Methane rule proposed by the Biden Administration will actually become even more anti-energy as new provisions keep getting slapped on to the already shoddy proposal.

Environmentally funded E&E Greenwire reports that the EPA plans to “strengthen” its proposal to include an “even more ambitious agenda.”

IPANM has already publicly warned the Biden administration that the current EPA proposed rule will directly impact New Mexico and New Mexicans, but feels continued double-downing of bad regulations will further decimate independent producers.

To read the exposed plans of the Biden Administration, see the link below.

EPA plans ‘even more ambitious’ methane rule

ABQ Journal (Nov. 29, 2021) – New Mexico has placed stricter rules on oil field wastewater injection wells in the state’s southeastern corner after an increase in small earthquakes this year.

The state Oil Conservation Division issued guidelines last week requiring operators southeast of Malaga in Eddy County to report water injection amounts and pressure each week and monitor for seismic activity around injection wells.

New Mexico Issues Well Restrictions After Seismic Activity

 

KRQE & AP (Nov. 27, 2021) — New Mexico oil and gas regulators are watching closely as increased seismic activity is being reported in the Permian Basin along the Texas state line. Under a plan recently rolled out by the New Mexico Oil Conservation Division, pending permits for wastewater injection in certain areas will require extra review. More reporting and monitoring also could be required and if things worsen, the state could limit how much wastewater is injected in disposal wells.

New Mexico oil regulators aim to limit seismic activity

Bloomberg (November 17, 2021) – Bloomberg. Oil companies spent $191.7 million buying drilling rights in the Gulf of Mexico on Wednesday, during a robust government auction that underscored the industry’s appetite for new crude as the White House seeks to shifts the U.S. away from fossil fuels. Analysts said bidding was driven by interest in lower-carbon crude from the Gulf of Mexico as well as uncertainty about the timing and conditions of future sales, which are expected to come with higher fees and stringent requirements. Note: The Hill, CNBC, S&P Global, World Oil, AP, US News, NPR, Newsweek, Boston Globe and NOLA.com also report.

Breitbart (November 17, 2021) – A federal judge on Monday issued a nationwide injunction on President Joe Biden’s executive order to halt oil and gas operations on all federal lands in the name of fighting so-called climate change.  Louisiana Attorney General Jeff Landry led the lawsuit joined by 12 other states and reacted to the court’s decision, calling it good for America.

Federal Judge Grants Injunction on Biden’s Oil, Gas Ban on Federal Lands

ABQ Journal (November 17, 2021) – Outlining her priorities as she enters a critical election year, Gov. Michelle Lujan Grisham said she will propose a reduction in New Mexico’s gross receipts tax – a move intended to address a chronic weak point in the state’s unusual tax system.

The tax cut, if successful, would shave one-quarter of a percentage point off the statewide rate, or enough to save a family 25 cents on a $100 purchase. It would cost about $145 million a year in state revenue.

Lujan Grisham to Propose Gross Receipts Tax Cut