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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
Navajo Nation Reaffirms Opposition to 10-Mile Buffer at Chaco
Navajo Nation (Nov. 16, 2021) -- The 24th Navajo Nation Council reaffirmed its opposition to the Biden Administration proposal of a
Biden Moving to Ban Drilling Around Chaco Canyon
Santa Fe New Mexican (Nov. 16, 2021) - The Biden administration announced a much-awaited move toward barring federal oil and
IPANM Issues Statement on Latest Chaco Buffer Zone Proposal
IPANM (Nov. 15, 2021) -- In response to the Biden Administration's announcement of a new federal drilling ban around Chaco Canyon,
Townsend: Climate Push Out-Of-Touch With Reality
Santa Fe New Mexico (Nov. 14, 2021) -- House GOP Leader Jim Townsend says that a cleaner New Mexico economy

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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

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

 

 

Navajo Nation (Nov. 16, 2021) — The 24th Navajo Nation Council reaffirmed its opposition to the Biden Administration proposal of a 20-year ban on oil and gas drilling within a 10-mile radius of the Chaco Cultural Heritage site in northwestern New Mexico on Tuesday.
“The Biden Administration bypasssed previous requests to Congress for field hearings and for leaders to hear directly from our Navajo families affected in the Chaco Canyon region.  The position of the Navajo Nation Council is for the creation of a 5-mile buffer within and around this sacred site,” said Navajo Spokesperson Seth Damon.

To see the Navajo Nation’s New Release, see link below.

Navajo Nation Reaffirms Opposition to 10-Mile Buffer at Chaco

Santa Fe New Mexican (Nov. 16, 2021) – The Biden administration announced a much-awaited move toward barring federal oil and gas leasing in a 10-mile zone around the Chaco Culture National Historical Park, stepping into a decades-long tug of war between the region’s economic interests and tribal heritage.

Fossil fuel industry groups called the buffer an unnecessary infringement. In an email, the head of the Independent Petroleum Association of New Mexico argued responsible oil and gas development posed no threats to the already protected sites.

“A 10-mile buffer is an overreach of federal authority, is arbitrary, and is not based in any science other than in political science,” wrote Jim Winchester, the group’s executive director.

Operators and mineral rights holders — including several Navajo allottees — have worked to reach a reasonable, science-based understanding about how to safeguard the sacred sites, Winchester wrote.

Biden moving to ban drilling around Chaco Canyon

IPANM (Nov. 15, 2021) — In response to the Biden Administration’s announcement of a new federal drilling ban around Chaco Canyon, IPANM releases the following statement:

“Chaco Canyon is a sacred treasure. Safe and responsible oil & gas development around Chaco does not pose threat to the already protected sites of the sacred Chaco National Historic Park. Operators and mineral rights holders, including several Navajo allottees, have repeatedly made efforts to reach a reasonable, science-based understanding about how to protect these sacred sites. A ten-mile buffer is an overreach of federal authority, is arbitrary, and is not based in any science other than in political science.

Combined with federal lease bans, permit bans, and other anti-oil & gas measures from this administration, it is clear the President and Interior Secretary want nothing more than to cut off billions of dollars that fund public education, public safety and public health measures in New Mexico.”

–Jim Winchester, IPANM Executive Director

 

For background, please see:

Santa Fe New Mexico (Nov. 14, 2021) — House GOP Leader Jim Townsend says that a cleaner New Mexico economy is a worthy goal, but warns that extreme Green policies are hurting New Mexicans instead of helping. In an opinion editorial published on Sunday, Nov. 14, 2021, Rep. Townsend writes, “Whether it’s higher gasoline prices, costlier heating and cooling bills, and more expensive cars and trucks, those in charge are more than willing to force these higher prices on working families as the cost for being a “global leader” on climate change. These edicts have already proven to be detrimental to working families in European economies, and now we are supposed to sit by and allow one of the most impoverished states in the nation to carry the eco-left’s Green New Deal experiment.”

Carbon-free fairy tale doesn’t recognize reality