Page 20 - State Trust News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sedona Red Rock News On Wednesday June 23, 2021, the Arizona State Land Department and Arizona Department of Forestry & Fire Management announced a statewide closure of State Trust Land beginning at 8 a.m. this morning Friday, June 24, due to increased fire activity, exceptional drought conditions, and extremely high fire danger. The initial closure order specified that resident owners and lessees of land within the closed area are exempt from the closure order. The exemption applies to all holders of any land use agreement from ASLD. For clarification, recreational permits are no...

For trespassing alone, the company could be charged $500 per day in addition to the cost to repair the land.

Facebook touts impact of its renewable energy projects in New Mexico Social media giant Facebook touted its renewable energy projects across the country in a recent report, citing the impact of a facility in New Mexico the surrounding local community. Facebook’s U.S. Renewable Impact Study was released Wednesday to show how the company’s initiatives in wind and solar power benefited 10 states: New Mexico, Georgia, Indiana, Montana, North Carolina, Ohio, Oregon, Texas, Utah and Virginia – states identified, per the report, as having growing markets for low-carbon energy. In 2011, Faceboo...

The State has about $201 million in financial assurances from operators, but to clean up all 60,000 wells would cost $8.34 billion.

New Mexico is short about $8 billion in financing from oil and gas companies to fund the cost of closing and cleaning up wells throughout the state. A study released Thursday conducted by the Center for Applied Research and commissioned by the New Mexico State Land Office reported the discrepancy created a liability for state taxpayers and limited the ability of regulators to ensure adequate clean up is conducted when oil and gas wells are no longer used. The State has about $201 million in financial assurances, the report read, paid through bonding by operators when wells are drilled and use...