vimarsana.com

Page 2 - பொது நிலங்கள் மாற்றாந்தாய் கார்சியா ரிச்சர்ட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Oil boom in New Mexico could stick taxpayers with cleanup costs - study

Oil boom in New Mexico could stick taxpayers with cleanup costs - study By Nichola Groom Reuters (Reuters) - Drillers in New Mexico have set aside only a tiny fraction of the money they will eventually need to clean up their wells, pipelines and other infrastructure in the state, leaving taxpayers at risk of footing some of the balance, according to a study published on Thursday. Concerns are growing about who will pay for the environmental impact of more than a century of oil and gas production in the United States. The issue is front and center in New Mexico, which has rapidly grown into the nation s third-largest oil producer.

New Mexico Land Office diversifies ahead of decline in oil and gas

Oil and gas was a precious commodity in New Mexico for decades, generating billions of dollars in revenue for the state each year. Amid the COVID-19 pandemic, the value of fossil fuels to New Mexico remained unchanged as the State Land Office reported continued high levels of production and revenue from extraction on state land.   Land continued to be leased to operators in monthly sales as operations focused on the Permian Basin region to the southeast. But New Mexico Commissioner of Public Lands Stephanie Garcia Richard said the resource was “finite” and would run out eventually. To her, that meant New Mexico’s economy and use of its State-owned public land needed to diversify.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.