Hinting at the potential future for their huge oil and natural gas industries, the governors of New Mexico, North Dakota and and Texas said in their recent state of the state addresses that they could be challenged by Biden administration initiatives on activity but they still see opportunities. 

Texas Gov. Greg Abbott in his address early this month reflected on the challenging year Covid-19 created for the biggest energy-producing state in the country. In December alone, the state added more than 64,000 new jobs. According to Texas Petro Index, in the final months of 2020, Texas added 2,300 jobs back to the oil and gas sector. 

Abbott remarked how Texas has led the U.S. in economic development for the past eight years, saying, “the Texas model inspires entrepreneurs and...