Oil and gas leaders say Biden moratorium on new drilling will hurt New Mexico
Grace Reader Created: January 24, 2021 09:15 PM In New Mexico, the industry accounts for nearly one-third of the state’s general fund revenues, and industry officials said even a temporary halt on leasing will hurt the state. "It has two issues for the oil and gas industry: number one is that there's a huge economic impact for oil and gas producers in New Mexico. When the oil and gas industry suffers, that will have a huge ripple effect to impact New Mexico,” said Ryan Flynn, CEO of the New Mexico Oil & Gas Association. According to Flynn, he said the moratorium...