New Mexico

New Mexico Calls for Innovation by E&Ps, Midstreamers to Curb Natural Gas Flaring, Venting

New Mexico Calls for Innovation by E&Ps, Midstreamers to Curb Natural Gas Flaring, Venting

New Mexico upstream and midstream operators have until 2026 to reduce routine natural gas flaring and venting by 98% under rules enacted Thursday. The Oil Conservation Commission (OCC) completed the two-year rulemaking process to update gas capture regulations. The undertaking followed months of testimony and virtual public hearings, with the oil and gas industry pledging…

March 26, 2021
New Mexico Oil, Natural Gas Methane Controls Lack Oversight for Low-Producing Wells, Says EDF

New Mexico Oil, Natural Gas Methane Controls Lack Oversight for Low-Producing Wells, Says EDF

Draft regulations in New Mexico to limit methane emissions from the oil and gas sector must be strengthened by removing loopholes for low-producing wells, according to an analysis by the Environmental Defense Fund (EDF). The proposed rules were unveiled in July by the New Mexico Environmental Department (NMED) and Energy, Minerals and Natural Resources Department…

November 23, 2020
New Mexico’s Reliance on Fossil Fuels Said Facing Reckoning from Volatile Oil Prices

New Mexico’s Reliance on Fossil Fuels Said Facing Reckoning from Volatile Oil Prices

New Mexico’s fiscal health is undergoing an “unprecedented sea change” with global markets signaling the “beginning of the end” for the state’s financial reliance on fossil fuels, the Institute for Energy Economics and Financial Analysis (IEEFA) reported Tuesday. IEFFA’s Tom Sanzillo, director of finance, co-authored the report with energy policy analyst Suzanne Mattei.  “Leases, royalty…

October 20, 2020
E&Ps Doubling Up Federal Land Permit Requests, Possibly in Anticipation of Biden Win

E&Ps Doubling Up Federal Land Permit Requests, Possibly in Anticipation of Biden Win

U.S. oil and gas permitting on federal lands jumped 8% in September from August, with Texas operators posting the largest increase since March, according to a monthly tally by Evercore ISI. The firm every month compiles permit data from federal and state sources, which provides a bird’s eye view of where drilling by exploration and…

October 15, 2020
Two Midstreamers Pick Up Water, Natural Gas Pipelines in Separate Lower 48 Deals

Two Midstreamers Pick Up Water, Natural Gas Pipelines in Separate Lower 48 Deals

Houston-based Black Bear Transmission LLC said Thursday it has completed the sale of natural gas gathering assets in Oklahoma and Arkansas acquired earlier this year from Enbridge Inc.   The assets, owned by Ozark Gas Gathering LLC (OGG), were sold to an undisclosed buyer and terms were not released. OGG was acquired from Enbridge as part…

October 1, 2020
New Mexico Regulator Fines DCP for Emissions Violations as States Demand Action on Methane

New Mexico Regulator Fines DCP for Emissions Violations as States Demand Action on Methane

The New Mexico Environment Department (NMED) said Tuesday it has fined an affiliate of DCP Midstream Partners LP $5.3 million for air quality violations. The watchdog said that between December 2017 and June 2019, DCP Operating Co. LP submitted 367 excess emission reports for eight New Mexico facilities, totaling over 2.1 million pounds of pollutants.…

July 8, 2020
New Mexico Oil, Gas Industry Urges More E&P Oversight, Collaboration to Reduce Natural Gas Flaring

New Mexico Oil, Gas Industry Urges More E&P Oversight, Collaboration to Reduce Natural Gas Flaring

In a proactive approach to work with New Mexico regulators to reduce the amount of natural gas flared when wells are drilled, a statewide industry coalition is recommending regulators update the rules and work hand-in-hand with operators to improve gas capture in the oilfields.

May 20, 2020
New Mexico Oil, Gas Investments to Skyrocket with Proper Policies, Says Industry Study

New Mexico Oil, Gas Investments to Skyrocket with Proper Policies, Says Industry Study

New Mexico’s oil and natural gas industry could attract as much as $174 billion in infrastructure investments through 2030 as its share of the Permian Basin continues to expand, according to an industry-backed study.

September 4, 2019

New Mexico’s Energy Transition Law Challenged as Unconstitutional

A group of organizations is challenging as unconstitutional provisions in New Mexico’s recently enacted renewable energy law and has asked the state’s high court to intervene.

August 28, 2019

New Mexico Revenue Nearing Record Level on Booming Oil, NatGas Production

New Mexico’s revenue collections through the first 10 months of fiscal year (FY) 2019 are $273.5 million above forecast, according to the Legislative Finance Committee, which attributed the windfall to booming oil and gas production and strong tax receipts.

August 20, 2019
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