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More than a dozen state lawmakers express opposition to proposed LNG storage facility

A group of more than a dozen state legislators asked utility regulators to reject a request to build a liquified natural gas storage facility in Rio Rancho near Albuquerque. The New Mexico Public Regulation Commission’s evidentiary hearing regarding the New Mexico Gas Company’s proposal begins in early December. Ahead of this hearing, 14 legislators sent […] ....

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Long-term economic outlook envisions oil and gas funding dropping

As New Mexico prepares for a transition away from fossil fuels, officials told the Legislative Finance Committee there may be moderate financial gains in the near future. The state is expected to have moderate gains in the next 25 years, yet the oil and gas industry is expected to peak and decline. Department of Finance […] ....

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