The state Legislature has endorsed a bill that would raise royalty rates for new petroleum development on prime pieces of ...

A conference committee aims to reconcile differences in New Mexico's House Bill 14, which initially included an oil surtax to ...

So far, the Legislature has killed bills that would further reduce climate-warming emissions or new regulations for the oil ...

New Mexico legislators have passed a bill increasing the maximum royalty rate on oil and gas leases from 20% to 25%, a ...

NEW MEXICO (KRQE) – The Permian Basin ... The lighting from these oil and natural gas sites has become a major concern, putting workers and wildlife who rely on the absence of light, at risk.

The New Mexico energy industry’s political environment is as different from Texas’s as it could possibly get and the Southeast New Mexico representatives and senators have a battle royale on ...

Much of the state's income is derived from oil and gas. The Permian Basin in New Mexico is dotted with thousands of oil wells, and includes some of the largest oil fields in the nation.

Feb. 22—Legislation increasing the maximum royalty rates charged for prime New Mexico oil and gas land is heading to the House after passing the Senate chamber Saturday on a 21-15 vote.

The state of New Mexico is ... that U.S. crude oil output will hit an all-time high in June 2023, noting that total U.S. oil liquids output (including biofuels and natural gas liquids, NGLs ...