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BLM: Federal Oil & Gas Land Sales Continue

Carlsbad Current Argus (July 14, 2020) - Federal public land in southeast New Mexico continued to be offered to the

Housing Construction Steady in New Mexico's Oil Region

Associated Press (July 12, 2020) - The crash of the oil business and the economic decline that has followed the

Chevron To Provide Support For NMSU STEM Programs, Scholarships

NMSU News Center (July 13, 2020) - New Mexico State University STEM programs and scholarships in southeastern New Mexico have

Requests For Delayed Oil and Gas Methane Regulations Amid COVID-19 Downturn

Carlsbad Current Argus (July 3, 2020) - Government leaders cautioned the State of New Mexico in enacting stricter regulations on

Improvement Project on U.S. 285 begins Aug. 3

Carlsbad Current Argus (July 9, 2020) - A four-phase project to rebuild portions of United States Highway 285 in Eddy

BLM Valuation Rule Changes

IPANM (June 29, 2020) - This Wednesday, July 1, 2020, new royalty valuation regulations go in effect through the Office

Special Session Wraps with Budget Quick-Fix for FY20

Santa Fe New Mexican (June 22, 2020) - The New Mexico Legislature finished its main task of mending the state’s

Supreme Court Denies Petition To Open Special Session

Santa Fe New Mexican (June 16, 2020) - The New Mexico Supreme Court has denied a petition to allow the

Expected Natural Gas Price Increase Would Help San Juan Basin

Santa Fe New Mexican (June 8, 2020) - To say times are tough for energy companies in the San Juan

Key To Oil Recovery Will Be Demand

Oilprice.com (May 26, 2020) - Within a month, the U.S. oil benchmark West Texas Intermediate recorded two first-of-a kind events.

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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

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Website designed by Siarza Social Digital

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Carlsbad Current Argus (July 14, 2020) – Federal public land in southeast New Mexico continued to be offered to the oil and gas industry for drilling and other extraction activities as environmentalists questioned the fairness of such sales during the COVID-19 pandemic and unprecedented decline in oil prices.

BLM: Federal Oil & Gas Land Sales Continue

Associated Press (July 12, 2020) – The crash of the oil business and the economic decline that has followed the COVID-19 pandemic hasn’t stopped construction for the housing shortage in the heart of New Mexico’s oil region. The Hobbs News-Sun reported Hobbs is seeing new construction with three major developments, and building in continuing to grow through the pandemic.

Housing Construction Steady in New Mexico’s Oil Region

NMSU News Center (July 13, 2020) – New Mexico State University STEM programs and scholarships in southeastern New Mexico have received a boost with a generous donation from Chevron’s Mid-Continent Business Unit. NMSU’s colleges of Engineering and Education, along with the NMSU Carlsbad campus, each received funding from the $99,000 gift. Chevron has been a longtime supporter of IPANM.

Chevron To Provide Support For NMSU STEM Programs, Scholarships

Carlsbad Current Argus (July 3, 2020) – Government leaders cautioned the State of New Mexico in enacting stricter regulations on methane emissions from oil and gas operations during an economic downturn and plunging oil prices amid the COVID-19 pandemic. The State was in the midst of establishing tougher rules intended to curb air pollution and waste caused by the release of methane from the oil and gas industry when the pandemic hit in March, holding public meetings throughout New Mexico in the last year.

Requests For Delayed Oil and Gas Methane Regulations Amid COVID-19 Downturn

Carlsbad Current Argus (July 9, 2020) – A four-phase project to rebuild portions of United States Highway 285 in Eddy County is set to start Aug. 3, according to the New Mexico Department of Transportation (DOT). The first two phases of the nearly $56 million project will take place between mile markers 0 and 7 and mile markers 16 to 18 along the U.S. 285 corridor, read a DOT news release.

Improvement Project on U.S. 285

IPANM (June 29, 2020) – This Wednesday, July 1, 2020, new royalty valuation regulations go in effect through the Office of Natural Resources Revenue (ONRR). IPANM has been monitoring these changes. Please read through the two linked documents below for important information that will assist in understanding the new compliance regulations.

IPAA Update on Valuation Rule Changes

BakerHostetler Guidance for Valuation Rule Changes

Santa Fe New Mexican (June 22, 2020) – The New Mexico Legislature finished its main task of mending the state’s huge fiscal shortfall Saturday, as the House of Representatives wrapped up additional work on Monday. The modified budget plan sent to the Governor uses a combination of spending cuts, reserves and federal funding to deal with a projected $2 billion drop in state revenue for the next fiscal year.

Santa Fe New Mexican Special Session Summary

Special Session Summary from our friends at New Mexico Business Coalition

Santa Fe New Mexican (June 16, 2020) – The New Mexico Supreme Court has denied a petition to allow the public entrance into the Legislature when the special session begins Thursday. An attorney on behalf of several lawmakers argued in oral arguments before the state’s high court Tuesday that the constitution requires the general public be granted entrance into the Roundhouse. In a split decision, Chief Justice Judith Nakamura announced that the petition was denied without an immediate explanation.

Supreme Court Denies Petition To Open Special Session

Santa Fe New Mexican (June 8, 2020) – To say times are tough for energy companies in the San Juan Basin would be an understatement.

The market for natural gas is so bad right now that T. Greg Merrion (former IPANM Board President) has shut in nearly half of his family-owned company’s wells, most located in northwestern New Mexico.

But that could soon change.

If Merrion and key industry analysts are correct, there might be a silver lining in the oil crash caused by the coronavirus pandemic — it could end up helping northwestern New Mexico natural gas producers and even give a lift to state revenue in a time of crisis.

Expected Natural Gas Price Increase Would Help San Juan Basin

Oilprice.com (May 26, 2020) – Within a month, the U.S. oil benchmark West Texas Intermediate recorded two first-of-a kind events. First, it fell below zero on April 20. Then, it soared up so high it is about to
book its best month ever, CNBC’s Pippa Stevens noted in a recent commentary.

Key To Oil Recovery Will Be Demand

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