Independent Petrolium Association of New Mexico
Recent News About Independent Petrolium Association of New Mexico
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Senate committee advances bipartisan energy permitting reform act
The U.S. Senate Energy and Natural Resources Committee has advanced a bipartisan permitting reform package aimed at bolstering American energy security. The committee voted 15-4 on Wednesday to move forward with the Energy Permitting Reform Act of 2024, S. 4753. This bill, introduced on July 23 by U.S. Senators Joe Manchin (I-WV) and John Barrasso (R-WY), seeks to accelerate the permitting process for critical energy and mineral projects in the United States.
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Oil and gas mergers total $250 billion over past year
Over the past 12 months, upstream consolidation deals in the oil and gas sector have reached an unprecedented $250 billion, according to a report released by Enverus Intelligence Research (EIR). This figure highlights the intense rush for consolidation and growth in America's shale patch.
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New Mexico court advances IPANM's methane rule challenge
IPANM’s legal challenge to New Mexico’s Ozone Precursor Rule will proceed after the New Mexico State Court of Appeals assigned a three-judge panel to rule on the case. The court announced this decision on Wednesday, May 1, 2024, with the publication of the announcement of the three judges assigned to the ruling panel.
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New Mexico sees record $15 billion income from oil & gas
Oil and gas generated over $15 billion in income for New Mexico in the last fiscal year, according to a state economic report presented to lawmakers during a recent meeting in Carlsbad.
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IPANM joins coalition challenging new BLM leasing rule
The Independent Petroleum Association of New Mexico (IPANM) has joined a coalition of oil and gas trade associations in filing a lawsuit against the Bureau of Land Management (BLM). The coalition, led by Western Energy Alliance, is challenging the new BLM Fluid Mineral Leases and Leasing Process Rule that was introduced last month. The lawsuit was filed in U.S. District Court in the District of Wyoming.
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Ted Cruz introduces bill against Biden's lizard protection regulation
Republican Texas Senator Ted Cruz has introduced a bill aimed at reversing the Biden administration's protections for the Dunes Sagebrush Lizard. Critics argue that these protections will hinder oil and gas development.
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Republican-led states ask Supreme Court to block EPA’s methane regulation
A coalition of Republican-led states is requesting the Supreme Court to stop the Biden administration’s initiative to reduce methane emissions from oil and gas production. The group, consisting of 23 state attorneys general and Arizona’s GOP-led Legislature, seeks to prevent the implementation of an Environmental Protection Agency (EPA) rule that mandates oil and gas wells control leaks of methane, a significant contributor to global warming.
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U.S. oil output set to break last year's record
Preliminary data from the U.S. Energy Information Administration (EIA) showed that oil companies pumped an average of 13.4 million barrels a day from U.S. oil fields during the week ended August 2, surpassing the previous record of 13.3 million barrels set several times this year. U.S. oil production has been on a steady rise since 2008, setting an annual peak in 2023 that is likely to be exceeded this year.
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Poll shows swing state voters back U.S. oil and gas production
The American Petroleum Institute (API) has released new polling data from key battleground states, showing strong support for policies that promote domestic oil and natural gas production. Conducted by Morning Consult, the poll highlights voter concerns about inflation and a preference for reducing reliance on foreign energy sources.
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Centennial celebration marks milestone for New Mexico's Permian Basin
Martin Yates’ company first struck oil 100 years ago, 15 miles southeast of the small town of Artesia in southeast New Mexico. This event paved the way for what became known as the “shale revolution” decades later as fossil fuel production boomed in the Permian Basin.