Resumed Oil And Gas Leases Bring Cautious Relief To New Mexico

Resumed Oil And Gas Leases Bring Cautious Relief To New Mexico

The Biden administration was forced to allow auctions on new oil and gas leases last month after a June federal court decision overturned the White House suspension signed in January.

The scheduled resumption of leases, set for spring next year, is a sigh of relief not only for producers in New Mexico who require new drilling prospects always on the horizon, but for residents who rely on industry revenues for more than a third of the state budget. New Mexico schools, ranked among the lowest in the country, rely on the money most.

Larry Behrens, the New Mexico-based communications director for the energy non-profit Power the Future, celebrated compliance with the court decision as a win for the oil-rich state. One-third of New Mexico’s land is managed by the federal government, requiring White House permission for citizens to harvest their own resources.

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“It’s a sad day when it takes a federal judge’s ruling to get the Biden administration to

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