News Oil & Gas

Oil and gas land sale in New Mexico will not impact pollution, feds say

Federal land managers in the Permian Basin found leasing New Mexico public land in an upcoming sale to the oil and gas industry for fossil fuel production would have little impact on pollution.

The Bureau of Land Management published an environmental assessment Jan. 4 for an auction of oil and gas leases planned for May, offering 19 parcels on 3,280 acres in Eddy, Lea and Chaves counties in southeast New Mexico.

The lands would target the Permian Basin, known as the U.S.’ most active oilfield spanning from New Mexico to West Texas, estimated to produce about 5.5 million barrels of oil per day (bpd) this month, according to the Energy Information Administration – almost half of the nation’s total of 11.7 million bpd.

More:$3.8B Permian Basin midstream merger reported amid potential decline in oil production

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