BILLINGS, Mont. (AP) — The Biden administration announced Thursday the suspension of new oil and gas leasing and drilling permits for U.S. lands and waters for 60 days as part a broad review of programs at the Department of Interior. The move follows President Joe Biden’s campaign pledge to halt new drilling on federal lands and end the leasing of …

NEW YORK (AP) — President Joe Biden has put his team to work reviewing dozens of actions taken by former President Donald Trump, aiming to reverse orders that he says harm the environment or endanger public health. For the energy and auto industries, the impact could be far-reaching. Biden aims to reduce harmful emissions from cars, trucks and SUVs. Oil …

NEW YORK (AP) — President Joe Biden has put his team to work reviewing dozens of actions taken by former President Donald Trump, aiming to reverse orders that he says harm the environment or endanger public health. For the energy and auto industries, the impact could be far-reaching. Biden aims to reduce harmful emissions from cars, trucks and SUVs. Oil …

Oh what a difference a few months can make. In April 2020, West Texas Intermediate oil fell to an unheard of price of -$37.63. On Tuesday and Wednesday, WTI reached $50 per barrel. As of close on Wednesday, WTI crude on oilprice.com was $50.46. Buoyed by the announcement by Saudi Arabia it was cutting production by 1 million barrels per …

Providing more than a third of the state’s fiscal year 2020 budget, the oil and gas industry came under attack this week from both the U.S. Environmental Protection Agency and the New Mexico Environment Department. A new analysis from the nonpartisan New Mexico Tax Research Institute reports state revenue from oil and natural gas production in New Mexico totaled $2.8 …

ALBUQUERQUE, N.M. (AP) — Oil and gas development infused $2.8 billion into New Mexico coffers during the 2020 fiscal year and marked its second-highest total revenue ever reported despite a global price war and plummeting demand amid the coronavirus pandemic, according to a report released Monday. The New Mexico Oil and Gas Association commissioned the nonprofit New Mexico Tax Policy …

Some folks in the western part of the country hope certain campaign promises are let to slide. A ban on oil and natural gas development on public lands by President-elect Joe Biden would severely harm the economies of eight western states, especially New Mexico, according to a study released Monday. After discussing the report with the News-Sun, state Rep. Larry …

SANTA FE (AP) — The New Mexico State Land Office announced Tuesday that it will be halting the practice of allowing fresh water to be pumped from state trust land and sold for use in oil and gas development. Land Commissioner Stephanie Garcia Richard detailed the shift in policy in a letter to companies that hold easements that grant access …

CARLSBAD, N.M. (AP) — Federal wildlife managers are considering offering permits to landowners in the Permian Basin that environmentalists say could further compromise habitat for a rare lizard found only in parts of southeastern New Mexico and West Texas. The U.S. Fish and Wildlife Service will be accepting comments on the proposal through Dec. 21. The permits would be available …

BILLINGS, Mont. (AP) — Payments to states in the U.S. West have plummeted for oil, natural gas and coal extracted from U.S. lands after low crude prices and the pandemic slowed drilling and mining in many areas in 2020, according to federal data. Nationwide, payments to states for drilling on public lands and in U.S. waters were down by $630 …