Energy News
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.
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.
Latest News
New Mexico court advances IPANM's methane rule challenge
By New Mexico Sun | Sep 18, 2024
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.
New Mexico sees record $15 billion income from oil & gas
By New Mexico Sun | Sep 18, 2024
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.
Republican-led states ask Supreme Court to block EPA’s methane regulation
By New Mexico Sun | Sep 18, 2024
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.
U.S. oil output set to break last year's record
By New Mexico Sun | Sep 18, 2024
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.
Poll shows swing state voters back U.S. oil and gas production
By New Mexico Sun | Sep 18, 2024
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.
Centennial celebration marks milestone for New Mexico's Permian Basin
By New Mexico Sun | Sep 18, 2024
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.
Attorney General Torrez: 'It is simply inexcusable for them to continue to place profits over people'
By New Mexico Sun Report | Jun 9, 2023
New Mexico Attorney General Raúl Torrez filed a lawsuit targeting 21 companies that reportedly continue producing toxic PFAS chemicals.
Environmental groups sue state officials: ‘New Mexico’s failure to control oil and gas pollution violates our constitution and fundamental human rights’
By New Mexico Sun Report | May 23, 2023
A coalition of citizens and environmental groups has sued the state of New Mexico, its state legislature, Gov. Michelle Lujan Grisham and other state agencies for violating their state's constitutional duty to control pollution from the oil and gas industry.
Land commissioner Garcia Richard: 'This program has proven that we can require companies to clean up after themselves'
By New Mexico Sun Report | Apr 26, 2023
The State Land Office has chronicled more than 200 inactive oil and natural gas wells in New Mexico that have been plugged.
State invests in funds run by firms who “may be boycotting” oil and gas
By New Mexico Sun | Oct 20, 2022
The state’s pension investments in funds with reputations of being averse to oil and gas in New Mexico is rankling industry-aligned lawmakers, who point to the outsized footprint the sector has on the state’s economy.
CCIA chairman calls for Lujan Grisham to 'push for a friendlier relationship with the oil industry'
By Andy Nghiem | Mar 31, 2022
Experts at the Coalition of Conservatives in Action (CCIA) are calling on the Biden administration to increase the domestic production of oil in New Mexico, in order to offset the rising cost of gasoline across the nation.
CCIA energy expert calls for increased oil production in New Mexico: It is 'our privilege and our responsibility'
By Andy Nghiem | Mar 29, 2022
The Coalition of Conservatives in Action (CCIA) is calling for immediate increased oil production in New Mexico to mitigate the rising cost of gasoline.
New Mexico continues clean energy push as solar panel supplier China ramps up coal production to meet shortages
By George Willis | Nov 20, 2021
Power shortages across many provinces have forced the Chinese government to order its coal mines to produce as much coal as possible to prepare for winter.
'Encouraged': Lujan commends Biden's plans to block new oil or gas drilling in Chaco Culture National Historical Park 'to protect this very sacred place'
By Andy Nghiem | Nov 18, 2021
The Biden administration recently announced plans to block any new oil or gas leasing around Chaco Culture National Historical Park for the next two years.
Critic finds New Mexico's goal of all-renewable electricity impossible, and subsidies 'will never change that'
By David Beasley | Nov 16, 2021
The goal of New Mexico and other states to switch completely to electricity from renewable energy is an impossible dream, according to Bill Peacock, policy director of The Energy Alliance, a project of the Texas Business Coalition.
Tap Rock Operating linked to multiple oil and gas infractions, accidents in New Mexico
By New Mexico Sun | Oct 11, 2021
Tap Rock Operating, LLC has been involved in several accidents and is the subject of regulatory violations in New Mexico, according to crowdsourced reports.
New Mexico holds public hearings on new rules for oil and gas sector; small-business 'concerns' aired
By John Suayan | Sep 25, 2021
New Mexico’s Environment Department held public hearings on proposed rule changes that could impact its oil and gas industry.
