New Mexico
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Operator acquiring oil-weighted New Mexico assets of both Franklin Mountain Energy and Avant Natural Resources.
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With shaky state funding and the EPA hamstrung by the Supreme Court, New Mexico could face a future with reduced protections.
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The study dove into the quality of life experienced by oil and gas workers in the New Mexico's Permian Basin—the majority of whom are Hispanic New Mexicans. This incorporated the past and present conditions and how the influence of clean energy could shift their career plans moving forward.
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The legislation would require oil and gas companies to pay into a fund that would cover health expenses for workers and their families.
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The first long-haul overland conveyor system to deliver proppant is under construction in the Permian Basin.
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More than 200 inactive oil and natural gas wells in New Mexico have been plugged as land managers have tried to crack down on producers as part of an accountability and enforcement program.
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Matador Production Company has agreed to pay $6.2 million in fines and mitigation measures related to 239 oil and gas well pads in New Mexico, while Permian Resources Operating agreed earlier to pay $610,000 and make improvements to its equipment to settle environmental violations.
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The acquisition expands Targa’s midstream natural gas processing footprint in the active Delaware Basin of New Mexico.
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Oilfield equipment that emits smog-causing pollution would be targeted by New Mexico environmental regulators under a proposed rule made public by the state Environment Department.
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The major rule change adopted this month also gives oil and gas producers a deadline to capture 98% of their produced gas by 2026.
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