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President Trump鈥檚 Department of the Interior wants to rescind the "Public Lands Rule" 鈥 saying it stands in the way of 鈥渓egitimate鈥 uses of land, including mining, grazing, energy development, and recreation.
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An updated Bureau of Land Management report offers a mixed outlook for oil and gas production in the state鈥檚 second largest drilling basin
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Last week, a Texas judge decided to vacate a decision to list the lesser prairie chicken on the Endangered Species List, leaving conservationists worried about the precedent this could set for other at-risk species in the Permian.
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A bill that would permanently codify an executive order signed at the very infancy of Michelle Lujan Grisham鈥檚 governorship to address greenhouse gas emissions was tabled in its latest stress test at the Roundhouse on Monday.
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As of Feb. 18, legislators had submitted 878 bills for debate. Of those, 19 bills deal directly with oil and gas production in the state. Essentially all other bills are affected indirectly by the industry that provides nearly a third of New Mexico鈥檚 annual 鈥 and once again record-breaking 鈥 operating budget. In an overwhelmingly Democratic legislature, that makes for some unusual bedfellows.
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New Mexico faces a seminal moment in its relationship with the oil and gas industry as President Donald Trump vows to slash federal regulation, enforcement and funding.
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New Mexico's landmark 2021 Methane Rule banned routine venting and flaring of natural gas. But some 15 exceptions for pipeline operators allow such venting and flaring in certain circumstances, including when gas is so far out of pipeline specifications that it constitutes an 鈥渆mergency,鈥 which is what the company claimed 10 times in the first two months of the year, each time releasing millions of cubic feet of the potent greenhouse gas.
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A judge heard arguments on Friday on whether a high-profile environmental lawsuit brought on by the Center of Biological Diversity, WildEarth Guardians and several frontline Native American communities should go to trial.
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New Mexico is once again seeing record revenues as lawmakers meet in Santa Fe to create a budget. That鈥檚 in large part due to booming oil and gas production. The state is the second-largest oil producer in the country and among the top 10 in natural gas production. But a number of bills in the legislative session would make big changes if they pass.
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A settlement between the state of New Mexico and Ridgeway Arizona Oil Corp. will plug 299 of the company鈥檚 moribund, nonproducing oil wells, with the state paying the costs and the company reimbursing the state $30,000 a month until the bill is repaid.