Independent Petrolium Association of New Mexico
Recent News About Independent Petrolium Association of New Mexico
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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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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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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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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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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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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.