MOST RECENT NEWS

 

Investment group provides summary of top American producers

MOTLEY FOOL – IPANM doesn’t normally relay information as news from investment groups, however, the recent summary provided by MOTLEY FOOL gives a good overview of the position of the majors in the United States. Please consider this webpost an update for your own situational awareness of what’s going on in the larger Oil & Gas industry right now.

Investment group provides summary of top American producers

Editor’s Note:  Posting of this article does not represent an IPANM endorsement of services or recommendations provided by this investment group. They are a “for-profit” company that is providing information and recommendations at a price to those who join their service. IPANM is not liable for any potential personal financial losses for anyone who chooses to follow this group’s advice or buy services or products from this investment group.

Record federal royalties from oil & gas production surge based on final 2017 reports

NATURAL GAS INTELLIGENCE – Increased oil and natural gas production, as well as regulatory reform and other factors, led to a $400 million surge in economic output on federal lands during the first year of the Trump administration, according to a report by the Interior Department.

Record federal royalties from oil & gas production surge based on final 2017 reports

 

Sandoval County to (possibly) vote Nov. 29, 2018 on Oil & Gas Ordinance

The three-year saga that’s cost county taxpayers tens of thousands, if not hundreds of thousands, of dollar in staff research and work is poised to go to a potential vote on Thursday, Nov. 29, 2018.  But, don’t hold your breathe. One version or another of previous proposed ordinances have been up for a “final” vote so many times in the past three years that it’s been impossible to keep track.  But, the latest version was approved to be published earlier this month, and can be linked to below.  As reminder to all members, IPANM stands opposed to any county level Oil & Gas ordinance, as the existing regulations in place on the state level provide adequate protections for all human health, fresh water and the environment.

November 29, 2018 – County Commission (Oral public comment will be taken)

EPA On ‘Right Track’ Industry Says Of Methane Rule Revisions

WESTERN WIRE – Western and national oil and gas industry groups today told the Environmental Protection Agency (EPA) that revisions to the agency’s methane rule were “on the right track” while touting industry’s success at cutting emissions significantly.

EPA On ‘Right Track’ Industry Says Of Methane Rule Revisions

 

 

Opponents will likely seek to increase NMOCD Administrative Authority to penalize producers

With the recent November 2018 statewide election results, IPANM members should prepare for attempts by anti-oil and gas groups and legislators to pass regulations that would give the New Mexico Oil Conservation Division (OCD) new powers to levy fines against oil and gas producers.  IPANM has acquired a copy of our opponents research and justifications to increase OCD authority.  IPANM is already preparing to push back hard against any of this regulation.

Example of Opponent Arguments FOR Administrative Authority

 

 

IPANM Northwest Holiday Mixer set for Dec. 6 at Merrion Oil & Gas offices in Farmington

We are pleased to announce our IPANM Northwest Holiday Mixer will be Thursday, Dec. 6, 2018 from 4:30 p.m. to 6:30 p.m. in the lobby of the Merrion Oil & Gas offices at 610 Reilly Avenue in Farmington, New Mexico. Cocktails and Hors d’oeuvres will be provided.

We would like to encourage our Northwest membersto bring one or two prospective members with them. The event will feature a few industry updates heading into 2019 and a brief membership presentation for our guests.

Please help us with a final headcount by sending an RSVP to Megan Burnett at megan@ipanm.org with your name, the total number of people coming in your party, and the names of any prospective guests by Wednesday, Dec. 5, 2018.

Please feel free to forward this postcard to encourage prospective members to attend on Dec. 6th.

NMED Updates on Ozone, Excess Emissions & GCP-Oil & Gas Permits

Members:  The New Mexico Environment Department has announced several important updates on several topics:  The Ozone Attainment Initiative (Preliminary Planning), Information and tips on handling Excess Emissions reporting and Affirmative Defense Submissions, and Tips for navigating through the updated GCP – Oil and Gas Permits and how to ensure a more timely approval.  All information can be found in the attached Slide Presentation.

Click on NMED Update: OAI, Excess Emissions & GCP Oil & Gas Permits – Nov. 13, 2018

or

https://ipanm.org/wp-content/uploads/2018/11/Ozone-attainment-initiative.pdf

 

New Mexico weighs options for reusing oil and gas wastewater

ASSOCIATED PRESS – New Mexico, with the help of the U.S. Environmental Protection Agency, has drafted a document that outlines areas where regulations can be streamlined to encourage the treatment and reuse of wastewater that comes from oil and natural gas operations.

New Mexico weighs options for reusing oil and gas wastewater

 

EPA and State of New Mexico release text of new MOU on produced water

OFFICIAL DOCUMENT – The scope of the MOU pertains to proactively clarifying and understanding the existing
regulatory and permitting frameworks, and associated policy decisions among the parties
related to the re-use, recycling, and beneficial use of waters originating from oil and natural gas
activities {produced water).

EPA and State of New Mexico release text of new MOU on produced water