On February 2nd, the Santa Fe New Mexican published an op-ed in response to the New Mexico Oil and Gas Association's (NMOGA) promotion of findings by S&P Global Commodity Insight. The report highlighted a 26% reduction in methane emissions from the Permian Basin in 2023.

The op-ed aimed to critique this progress while supporting Senate Bill 4 (SB4) and its emission targets. However, it did not address the feasibility of these targets or their potential impact on the industry and state finances if implemented.

Proponents of SB4, including its author Senator Mimi Stewart, have been criticized for overlooking the economic consequences of the legislation. NMOGA argues that if enacted, SB4 would significantly affect production in New Mexico due to its unachievable targets within the proposed timeline. With oil and gas contributing 49% of the state's budget, this could impact funding for essential services such as education, healthcare, and community programs.

"SB4 is not based on science and completely ignores the financial future of our state," stated NMOGA. They emphasize their pride in the industry's progress in reducing emissions while maintaining economic support for New Mexico.

"The industry has proven it is possible to do both – reduce emissions and continue to provide economic stability to our state."

For more information on SB4 and environmental stewardship alongside economic prosperity, NMOGA has provided infographics available online.