A New Day at IPANM

 

 

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!)

RECENT NEWS: All Issues

Global Energy Institute (Dec. 1, 2019) - A recent report from the U.S. Chamber of Commerce’s Global Energy Institute concluded
Western Energy Alliance & U.S. Council of Economic Advisors (Dec. 5, 2019) - Oil and natural gas is saving typical
BUSINESS WIRE (Nov. 19, 2019) -The State of New Mexico today became the newest member of Western States and Tribal Nations
George Sharpe, IPANM Member (Nov. 18, 2019) - IPANM Member, Columnist, Energy Instructor and Investment Manager at Merrion Oil & Gas
Well Servicing Magazine (Nov. 18, 2019) - An article that gets into the characterizations of orphaned and abandoned wells, as
Carlsbad Current Argus (Nov. 10, 2019) - More than $12 million in federal funds could help the New Mexico Department of
Inside Sources (Nov. 7, 2019) - New Mexico would suffer severe economic harm with the loss of revenue due to
IPANM, Reuters & OilPrice.com (Nov. 1, 2019) - While IPANM would have serious concerns if a newly-elected President would seek
IPANM, C-SPAN & Associated Press (Oct. 31, 2019) - The U.S. House of Representatives on Wednesday approved legislation (H.R. 2181)
George Sharpe, IPANM Member (Oct. 30, 2019) - IPANM Member, Columnist, Energy Instructor and Investment Manager at Merrion Oil & Gas

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 also lose $8 billion in state and local tax revenues during that time.

The report states, “At a time when national candidates and elected officials are proposing to ban hydraulic fracturing, it is important to highlight both the benefits of the shale energy revolution and the real-world impacts that a ban would have.”

Fracking Ban in NM would kill 142,000 jobs, $86B in GDP & $8B in Tax Revenue

 

 

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 federal agency that advises the president on economic policies also found that oil and natural gas lowers “energy-related GHG emissions by 527 million metric tons per year, or 9 percent of GHG emissions in 2005.”

These economic benefits help lower-income families the most, a point that gets lost by several presidential candidates and the media in the political debate on climate change and environmental justice.

The report discusses the benefits of removing regulatory burdens on oil and natural gas development. It draws a sharp contrast between states such as New York that have actively banned fracking and those like New Mexico that are well aware of how important domestic energy is to funding priorities such as education and lowering electricity costs.

BUSINESS WIRE (Nov. 19, 2019) -The State of New Mexico today became the newest member of Western States and Tribal Nations (WSTN) natural gas initiative, adding a strong advocate for the power of responsible, environmentally sound energy production to boost rural economies.

New Mexico’s joining creates the potential for other export avenues for the San Juan and Permian basins, especially after the State of Baja California, Mexico, became part of WSTN in August. Already, WSTN is pursuing export options for the Piceance and Uinta basins in Colorado and Utah, and Wyoming’s Green River basin.

New Mexico Joins Western States and Tribal Nations Natural Gas Initiative

 

George Sharpe, IPANM Member (Nov. 18, 2019) – IPANM Member, Columnist, Energy Instructor and Investment Manager at Merrion Oil & Gas in Farmington recently released his latest educational video entitled Don’t Fear The Frack.

Please take a few minutes to watch this informative video, and then share the link (https://www.youtube.com/watch?v=K-lCr2IWCwo) with your friends and co-workers!

 

This content is for members only.

Please login here! If you have any questions about your membership, please email megan@ipanm.org.

Carlsbad Current Argus (Nov. 10, 2019) – More than $12 million in federal funds could help the New Mexico Department of Transportation (NMDOT) with improvements and safety enhancements on a busy southeastern New Mexico highway.

The U.S. Department of Transportation awarded the grant to NMDOT for work on a section of U.S. Highway 285 from Loving to the Texas border, read a news release from New Mexico’s congressional delegation.

The $12.5 million Better Utilizing Investments to Leverage Development (BUILD) grant will pay for repairs, turning and acceleration/deceleration lanes, shoulders, bridge work and stronger pavement on about the first 25 miles of 285 in New Mexico, per the release.

U.S. Sen. Tom Udall (D-NM) said the money is critical for public safety and the economy of Southeast New Mexico.

“Given the rapidly growing use of this roadway by heavy trucks and equipment, these federal funds will help NMDOT make U.S. 285 a safer, more reliable highway thoroughfare to the Texas border,” he said in the release.

U.S. 285 is a major transportation artery in southeastern New Mexico and increased traffic from the oil and gas boom has worsened road conditions along the route, the release read.

NMDOT should receive official word on the federal money Nov. 12, according to Spokesperson Manon Arnett.

“Although NMDOT has not been officially notified we are very pleased with the announcement and look forward to receiving official notice and putting the money to good use for our southeastern New Mexico partners,” she said.

Arnett said “it would be a few months” before NMDOT takes possession of the federal funds.

NMDOT gets $12.5M from feds to improve U.S. 285 near Loving

 

Inside Sources (Nov. 7, 2019) – New Mexico would suffer severe economic harm with the loss of revenue due to a drilling ban buffer zone around
Chaco Canyon. Specifically, Navajo allottees, who hold mineral rights in portions of the land, would lose a vital source of income in an economically depressed region.  With a ban, the Navajo allotees would be blocked from safely developing acreage that would be miles from Chaco Canyon Historic Park.

Oil and Gas Industry: Bill to Permanently Protect New Mexico’s Chaco Canyon Region Premature

IPANM, Reuters & OilPrice.com (Nov. 1, 2019) – While IPANM would have serious concerns if a newly-elected President would seek a nationwide fracking ban, we are encouraged that New Mexico Governor Lujan Grisham recognizes the importance of fracking to sustain the state economy. The linked article below contains the following quotes from Gov. Lujan Grisham.

“Without the energy effort in this state, no one gets to make education the top priority,” said New Mexico Democratic Governor Michelle Lujan Grisham in Santa Fe on October 8. If Trump loses next year’s election, she said in a later interview, she would request the Democratic president provide her state a waiver exempting it from any drilling ban “to allow us to continue to produce in New Mexico.”

Meanwhile, OilPrice.com reports that due to threats of a federal fracking ban with a new president, oil companies are responding by accelerating fracking in SouthEast New Mexico.

Drilling ban proposals divide Democrats in U.S. oil states

Democrats Just Accidentally Sparked A Federal Fracking Boom

IPANM, C-SPAN & Associated Press (Oct. 31, 2019) – The U.S. House of Representatives on Wednesday approved legislation (H.R. 2181) prohibiting drilling on the checkerboard of federal land that borders Chaco Canyon Historic Park in Northwest New Mexico. The measure also calls for terminating existing non-producing leases in the area and suggests more studies and protective measures be taken to address health, safety and environmental effects on communities and tribal interests. The bill, co-sponsored by Rep. Ben Ray Lujan (D-N.M.), Rep. Deb Haaland (D-N.M.) and Rep. Xochitl Torres Small (D-N.M.), calls for a 10-mile setback zone that would ban oil and gas drilling over approximately 300,000 acres of federal land, including land that already has been leased by the federal government.

During debate on H.R. 2181 on the U.S. House floor Wednesday, Republicans attempted to stop the bill citing arguments that New Mexico would suffer severe economic harm with the loss of revenue due to a drilling ban buffer zone around Chaco Canyon. Texas Congressman Jodey Arrington (R-TX) also cited the loss of revenue for Navajo allottees, who hold mineral rights in portions of the land that would be blocked from drilling by the legislation. Arrington’s Motion to Recommit H.R. 2181 failed on a mostly partyline vote 199-222.

US House OKs protections near historical park in New Mexico
Republican efforts to stop H.R. 2181 come up short
IPANM has submitted formal comments in opposition of H.R. 2181

Comments from Wednesday’s House Debate:

George Sharpe, IPANM Member (Oct. 30, 2019) – IPANM Member, Columnist, Energy Instructor and Investment Manager at Merrion Oil & Gas in Farmington recently released an educational video entitled Understanding Energy: The Role of Fossil Fuels In Our Energy Future.

Please take a few minutes to watch this informative video, and then share the link (https://www.youtube.com/watch?v=K-lCr2IWCwo with your friends and co-workers!