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Clean Energy Creating Its Own Environmental Disaster
The Verge (Dec. 29, 2021) - This year, the clean energy sector finally started grappling in earnest with one of
How Oil Companies Are Facilitating The Renewable Revolution
Forbes (Dec. 23, 2021) - The energy revolution, accelerated by the pandemic, is changing the DNA of the oil and
NM Gov. Lujan Grisham Draws Criticism For Support Of Federal Greenhouse Gas Rules
Carlsbad Current Argus (December 21, 2021) - New federal environmental standards for vehicle fuels were adopted by the U.S. Environmental
Special Session Ends With Another Bruising Debate
Albuquerque Journal (December 17, 2021) - State legislators concluded a volatile 12-day special session Friday by granting final approval for
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'
ABQ Journal: Governor Should Veto Congressional Map
ABQ Journal (Dec. 15, 2021) -- Retired Supreme Court Chief Justice Edward Chavez and retired Court of Appeals Chief Judge
Family of Chuck Moran Sets Up Scholarship Fund In His Memory
IPANM (Dec. 7, 2021) - The family of Chuck Moran has created a new scholarship fund in memory of Chuck,
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

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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

The Verge (Dec. 29, 2021) – This year, the clean energy sector finally started grappling in earnest with one of its biggest challenges: how to get enough minerals to build solar panels, wind turbines, and big batteries for electric vehicles and energy storage. Figuring that out will be critical for escaping fossil-fueled ecological disaster. It’ll also be crucial for policymakers and industry to move forward without throwing certain communities under the bus in the transition to clean energy.

Instead of cutting through landscapes with oil and gas wells and pipelines, clean energy industries and their suppliers will open up the Earth to hunt for critical minerals like lithium, cobalt, and copper. Compared to a gas-fired power plant, an onshore wind turbine requires nine times more mineral resources, according to the International Energy Agency. Building an EV requires six times more minerals than a gas-powered car.

It’s about time to scrutinize what that hunger for minerals might cause, given the recent boom in pledges from countries and companies alike to reach net zero greenhouse gas emissions. Digging up the necessary minerals is already proving to be a minefield. Protests are popping up at proposed mines that no one really wants in their backyard. The conflicts that cropped up in 2021 are just the beginning of a challenging road ahead.

Clean Energy Creating Its Own Environmental Disaster

Forbes (Dec. 23, 2021) – The energy revolution, accelerated by the pandemic, is changing the DNA of the oil and gas industry at its core.

In a recent interview Glynn Williams, CEO of Silixa — a company that provides fiber optic-powered data solutions for the oil and gas sector (as well as several others) — reveals something of the emerging recognition that the oil and gas industry can make a strong contribution to the renewables sector:

“Many people and entire states depend on the prosperity and well-being of independent oil and gas companies (IOCs) and their suppliers, but they are still being cast unfairly as the villains of climate change and the renewables revolution. In reality, they have been fully engaged in the huge undertaking of transitioning their businesses and practices toward the renewables sector. So, far from being its enemies, they are increasingly its facilitators.”

How Oil Companies Are Facilitating The Renewable Revolution

 

Carlsbad Current Argus (December 21, 2021) – New federal environmental standards for vehicle fuels were adopted by the U.S. Environmental Protection Agency and applauded by New Mexico Gov. Michelle Lujan Grisham as the state aims to enact its own similar requirements.  But the move was criticized by New Mexican Republicans who argued tougher regulations on manufacturers of cars and trucks could translate to higher costs for motorists.

NM Gov. Lujan Grisham Draws Criticism For Support Of Federal Greenhouse Gas Rules

Albuquerque Journal (December 17, 2021) – State legislators concluded a volatile 12-day special session Friday by granting final approval for a new map for Senate districts and authorizing an emergency update to New Mexico’s medical malpractice law.  The two proposals now head to Gov. Michelle Lujan Grisham, who has until Jan. 6 to take action on them.

Special Session Ends With Another Bruising Debate

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

 

ABQ Journal (Dec. 15, 2021) — Retired Supreme Court Chief Justice Edward Chavez and retired Court of Appeals Chief Judge Roderick Kennedy “enthusiastically” accepted the invitation to co-chair a redistricting task force “to bring justice, fairness and transparency” to the contentious decennial process.

And yet, the far-flung congressional map before Gov. Michelle Lujan Grisham would carve the oil patch into three districts; split the population centers of Hobbs, Roswell and Albuquerque; and dilute the rural vote and shift even more political power to central New Mexico.

In addition, it wasn’t even among the maps endorsed by the Citizen Redistricting Committee, created to follow through on the task force’s work.

ABQ Journal: Governor Should Veto Congressional Map

 

 

IPANM (Dec. 7, 2021) – The family of Chuck Moran has created a new scholarship fund in memory of Chuck, who passed away unexpectedly in 2020. Chuck’s family is working with The Rocky Mountain Mineral Law Foundation to establish the fund as a lasting legacy with an endowed scholarship in perpetuity that will have a meaningful impact towards the cost of a student’s legal education each year. The annual scholarship will go to a student at a Foundation constituent law school, with a preference for a student interested in pursuing a legal or professional career in oil and gas or energy law or an applicant from Chuck’s alma mater, The University of Tulsa College of Law.

Family of Chuck Moran Sets Up Scholarship Fund In His Memory

 

 

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