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Texas Outages Put Reliability Of Renewable Energy In The Spotlight
Forbes (February 15, 2021) - Everyone wants clean energy, but reliability is what really counts in a crisis. As renewably sourced
Department Of Energy Predicts Substantial Impact From Fracking Ban
Power & Pipes (February 12, 2021) - The US Department of Energy submitted a report to the president last month
Biden's Freeze On Drilling Leases Disrupts New Mexico
Morningstar (January 28,2021) - Mr. Biden’s action, the start of a sweeping plan to tackle climate change, has raised concerns across New
Biden Issues Broad Moratorium on Leases on Federal Lands
(IPANM & Platts) Jan. 27, 2021 - President Joe Biden implemented a moratorium on new oil and gas leases on
IPANM Releases Statement on Leasing Moratorium
IPANM (Jan. 27, 2021) - - The following statement has been released by Jim Winchester, Executive Director of the Independent
New Mexicans Are The Real Losers Under Biden Oil Ban
Forbes (January 24, 2021) - Officials in the state of New Mexico professed to be taken aback last week by
Biden Halts Leasing & Permitting for 60-Days
IPANM (Jan. 21, 2021) - On the second day of the Biden administration, the Interior Department has issued a temporary
Biggest Rig Count Jump Since Pandemic After Prices Exceed $50/Barrel
S & P Global (Jan. 16, 2021) - The total US oil and gas rig count leaped by 18 to
Industry to Biden: Partner With Us
Washington Examiner (Jan. 15, 2021) - The largest U.S. oil and gas lobby group, the American Petroleum Institute, is promising
Capitol Prepares For A Unique Session
Albuquerque Journal (January 16, 2021) - SANTA FE – Each January, the Roundhouse fills with schoolkids, lobbyists and politicians –

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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

Forbes (February 15, 2021) – Everyone wants clean energy, but reliability is what really counts in a crisis. As renewably sourced energy captures a larger share of the power grid, outages become inevitable. Renewable energy is great, but it just can’t compete with traditional sources.  Texas just became the poster child for the consequences of change that happens too rapidly.

Texas Outages Put Reliability Of Renewable Energy In The Spotlight

Power & Pipes (February 12, 2021) – The US Department of Energy submitted a report to the president last month on “Economic and National Security Impacts under a Hydraulic Fracturing Ban.” This 80-page report analyzed the effects of a hypothetical United States ban on high-volume hydraulic fracturing technology used with any new or existing onshore wells starting in 2021 through 2025. Such a ban, the report predicts, would result in the loss of millions of jobs, price spikes at the gas pump, and higher electricity costs for all Americans.

Department Of Energy Predicts Substantial Impact From Fracking Ban

Morningstar (January 28,2021) – Mr. Biden’s action, the start of a sweeping plan to tackle climate change, has raised concerns across New Mexico, where local officials, state representatives and businesses dependent on oil and gas are trying to size up the impact for an industry that made up roughly a third of the state’s general fund revenue last year.

Biden’s Freeze On Drilling Leases Disrupts New Mexico

(IPANM & Platts) Jan. 27, 2021 – President Joe Biden implemented a moratorium on new oil and gas leases on federal lands and waters through an executive order on Jan. 27 that is expected to have a longer-term impact on US production.

The moratorium represents a pause on new oil and gas leasing “to the extent possible” and also initiates a new review of existing fossil fuel leasing and permitting practices.

“We’re going to review and reset the oil and gas leasing program,” Biden said at the signing ceremony, citing the need to preserve public lands.

New Mexico would be hit the hardest, with 57% of all onshore federal production coming from federal lands located in the state.

For more information, see the Platts news report.

IPANM (Jan. 27, 2021) – – The following statement has been released by Jim Winchester, Executive Director of the Independent Petroleum Association of New Mexico:

The Biden administration continues to attack the hardworking oil & gas producers, drillers and field workers of the United States. These actions particularly hit New Mexico harder than other oil & gas producing states due to our high percentage of federal lands and mineral rights.

With the stroke of a pen, New Mexico will now lose thousands of jobs, and millions of dollars in leasing of federal acreage. Federal permits to drill, sundries, and rights-of-way are all on hold with an uncertain future. Our oil and gas producers report that these orders are the equivalent of dropping a bomb on their operations.

The clear winners of these actions?  Foreign oil producing countries. Americans still want to fly and drive. While the demand for fossil fuels will remain unchanged, the supply will have to come from foreign adversaries. The Biden administration has just empowered countries most hostile to the United States.

The clear losers? In addition to hardworking Americans, the environment. Domestic oil & gas production ensures environmental protections, whereas foreign actors, including Russia and China, have far fewer regulations in place. The Biden administration has just accelerated climate change.

IPANM strongly urges the Biden Administration to reconsider bans on federal leasing and permitting, and end their attacks on the oil & gas industry.

PDF Version of IPANM Statement

Forbes (January 24, 2021) – Officials in the state of New Mexico professed to be taken aback last week by President Joe Biden’s day-one decision to impose a 60-day moratorium on all oil and gas-related leasing and permitting actions on federal lands. It is a decision that will have major ramifications on the state budgets of New Mexico and other Western states, especially if it is extended beyond its initial term and backed up by Biden’s promised ban on hydraulic fracturing on federal lands.

New Mexcians Are The Real Losers Under Biden Oil Ban

IPANM (Jan. 21, 2021) – On the second day of the Biden administration, the Interior Department has issued a temporary order that takes leasing & permitting decisions away from local BLM offices across the country. The move effectively halts all leasing and permitting on federal lands, which adversely impacts operators in New Mexico.

Per a news release on the BLM’s website:

“The Interior Department has issued a Secretarial Order that temporarily elevates review of relevant agency decisions, including final agency actions, regulatory actions, and energy development. During the 60-day window that the Order may be in effect, decision-making over these matters will be reserved for Department leadership for the purposes of reviewing questions of fact, law, and policy they raise.”

By forcing local BLM offices and bureaus to await any decisions from the Biden Administration on federal leases, it is clear the 60-day halt is a suspension of new leasing and drilling permits on federal lands in New Mexico, and across the country. The order specifically does not limit existing operations.

While campaigning for President, then-candidate Joe Biden pledged to ban new drilling on all federal lands permanently. Such a move would hit New Mexico harder than other oil & gas producing states due to the high percentage of federal land & mineral rights in the state.

IPANM members report that the order is the equivalent of “dropping a bomb on our operations” as plans to develop federal lands for oil & gas production are now on hold. Biden’s nominee for Interior Secretary, Rep. Deb Haaland of New Mexico, was one of the authors of the Green New Deal and “wholeheartedly supports a permanent ban on fracking and new drilling” on federal lands. The consequences of such an action would disrupt the United States’ recent status as the number one producer of oil in world due to the boom in domestic shale oil development, especially in the Permian Basin of Texas & New Mexico. With lower domestic production, the United States will return to a dependency on foreign oil as consumers will still demand fossil fuels as a reliable energy source.

IPANM strongly urges the Biden Administration to reconsider any temporary or permanent ban on leasing and permitting of federal lands.

See IPANM’s Notification of the 60-Day Halt on Leasing and Permitting for more information.

S & P Global (Jan. 16, 2021) – The total US oil and gas rig count leaped by 18 to 424 in the week ending Jan. 13, rig data provider Enverus said, with the Permian seeing its largest weekly gain since the pandemic began to affect markets last March.

The Permian Basin of West Texas and New Mexico gained 14 rigs on the week for a total 190, the most added in the basin since a gain of 13 during the last week of November 2020.

The increase coincided with oil breaking the $50/b price barrier during the week—a level not seen since February 2020—and staying there. NYMEX February WTI settled Jan. 14 up 66 cents on the day at $53.57/b.

Oil & Gas Rig Count Jumps 18 After Prices Exceed $50/Barrel

 

 

Washington Examiner (Jan. 15, 2021) – The largest U.S. oil and gas lobby group, the American Petroleum Institute, is promising to fight President-elect Joe Biden’s proposed ban on new oil and gas drilling on public lands and waters, but the fossil fuel industry also sees opportunities to work with the new administration on combating climate change.

“If he is interested in finding commonsense solutions, President Biden has a willing and able partner in the oil and gas industry,” Mike Sommers, the CEO of the American Petroleum Institute, told the Washington Examiner in an exclusive interview ahead of its State of American Energy event on Wednesday, in which the industry previews priorities for the new year.

Oil and gas industry says Biden can’t reach climate goals ‘without us’

 

Albuquerque Journal (January 16, 2021) – SANTA FE – Each January, the Roundhouse fills with schoolkids, lobbyists and politicians – all packed into hallways and meetings rooms.  But a quiet Capitol awaits lawmakers this year.  With the building closed to the public due to the COVID-19 pandemic, only legislators, their staff and a small number of media members will be allowed inside.

Capitol Prepares For A Unique Session