Take a look at most oil and gas infrastructure — wellheads, pipes and cylindrical storage tanks — dotting New Mexico oil and gas fields, and little seems to be happening. But use the right equipment and you can see gases, including methane, wafting into the air. Heading skyward with methane, the main component of natural gas and a greenhouse gas that contributes to global warming, are royalties some say the oil and gas industry could be paying New Mexico. An April report from Taxpayers for Common Sense, a national budget and taxpayer advocate, analyzed federal leases through the Office of Natural Resource Revenue and estimated that the gas lost nationwide on federal lands in 2016 was worth $75.5 million. Half of the gas lost between 2012 and 2016 came from New Mexico.
A move by the BLM to charge royalties on venting and flaring of natural gas will be the topic of TV ads targeting New Mexicans this month.
Western Values Project, a Montana-based nonprofit, has contracts to spend about $123,000 in the Albuquerque market.
In her State of the State, Gov. Martinez called for developing “every kind of energy we can produce in New Mexico.” But a closer look at the administration’s recent energy plan reveals that the state still lacks a long-term plan for New Mexico’s economic future, even as the climate warms, energy prices drop, and a new era of federal regulations dawns.