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Publications - Research & Commentary: Study Highlights the Massive Importance of Oil and Gas Industries to New Mexico's Economy

Publications - Research & Commentary: Study Highlights the Massive Importance of Oil and Gas Industries to New Mexico's Economy
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Publications - Research & Commentary: Study Shows Potential Economic Pain in New Mexico if Fracking Is Banned on Federal Lands

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Research & Commentary: Study Shows Potential Economic Pain in New Mexico if Fracking Is Banned on Federal Lands
January 14, 2021
$62 Billion In Lost Tax Revenue, $85 Billion In Lost Income, $207 Billion In Lost Value Added Through 2040
A new study from the School of Energy Resources at the University of Wyoming lays out how a ban on hydraulic fracturing (“fracking”) on federal lands would lead to “significant fiscal and economic losses” in New Mexico through 2040.
The Fiscal and Economic Impacts of Federal Onshore Oil and Gas Lease Moratorium and Drilling Ban Policies, commissioned by the Wyoming Energy Authority and the New Mexico Oil and Gas Association (NMOGA) and released in December 2020, shows how the Land of Enchantment would suffer under both a moratorium on new leasing ventures and an outright ban on fracking altogether, which President-elect Joe Biden has pledged to ....

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