Oil and Gas

Oil And Gas Changes Modernization Bill Clears State House Committee

603 Views   An effort to modernize state oversight of the oil and gas industry cleared its first hurdle on Thursday. The bill would rewrite portions of the state’s Oil and Gas Act in order to help regulators keep pace with the industry’s growth in recent years, as well as increasingly

Bill to increase oil and gas royalty rate moves forward

376 Views   SANTA FE, N.M. (KRQE) – A massive portion of New Mexico’s state finances come from fees, taxes, and royalties on the oil and gas industry. A bill to increase some royalty rates is making progress at the Roundhouse.

After a century, oil and gas problems persist on Navajo lands

517 Views   It’s a Saturday morning in late June and Garry Jay, a member of the Navajo Nation, pilots a white crew-cab Chevy pickup on a lumpy dirt road across the grasslands north of his house in Shiprock, New Mexico, heading for the round, wood-framed hogan his grandfather built by

Shaky Ground: Exploring seismic activity in the Permian Basin

561 Views   On the program, former New Mexico Governor Bill Richardson passed away on September 1st. Commentator Walt Rubel shares his thoughts on covering the Richardson Administration. Also, we discuss an increase of seismicity in the Permian Basin, what’s causing it, and what’s being done to stop it. Jonny Coker

New Mexico officials project record budget in 2024

561 Views   LAS VEGAS, N.M. – The Legislative Finance Committee presented its budget report Wednesday in Las Vegas, and it’s projecting a lot of extra money. This isn’t the first year they have projected big bucks coming in either, but what does this really mean for our state?

Experts seek solutions for earthquakes in the Permian Basin

503 Views   This story is part of Shaky Ground, a collaborative reporting project between the Carlsbad Current-Argus and KRWG Public Media. The Permian Basin has seen an increase in seismic activity tied to produced water injections by the oil and gas industry, but it is not the first place to

Greenhouse Gas Reduction Bill Stalls In Committee

567 Views   A bill that would have established new statewide greenhouse gas emission standards has stalled out in the Senate Conservation Committee and is dead for the session. The bill introduced by Senate Pro-Tem Mimi Stewart would have set statewide greenhouse gas emissions at least 50-percent less than 2005 levels

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